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.'
Schumer discusses his advocacy for corporate governance in the Dodd-Frank Act.
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