Plan to Widen Power of Federal Reserve
Posted by Michael E. Marotta on 3/29, 7:02am

The Federal Reserve would have the power to regulate virtually the entire financial industry under a Treasury Department proposal to be announced Monday.

Treasury secretary to propose regulatory overhaul Monday

Federal Reserve would expand oversight to virtually entire financial industry

Proposals meant to provide better framework in rough times, spokeswoman says

Nearly all the proposals will require the approval of Congress

What do they mean by "Nearly"??

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