Chuck Schumer actually said...
I was a proponent in the Dodd-Frank of increasing corporate governance and fought to have included in Dodd-Frank a provision, 165(h), requiring all banks with over $10 billion in assets and all nonbank financial firms supervised by the Fed to have a separate risk committee on the board that includes 'at least one risk management expert having experience in identifying, assessing, and managing risk exposures of large, complex firms.'
06/12/2012