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July 9, 2013 - House Financial Services Oversight Subcommittee hearing entitled "Examining Constitutionality Deficiencies and Legal Uncertainities in the Dodd/Frank Act.'

At issue are two authorities provided to regulators in the Dodd/Frank Act that, in the opinion of some legal scholars, may be inconsistent with constitutional guarantees of due process. Further, the structure of a new regulatory body, namely the FSOC, may be incompatible with the Constitutions' separation-of-powers principle.Constituional questions involve the FSOC's authority to subject non financial institutions to Federal Reserve regulation and the FDIC's authority to liquidate systemically risky institutions.

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