Donalds Addresses Potential Threats To The United States Financial System
WASHINGTON - Congressman Byron Donalds (R-FL) introduced legislation to require the Chairperson of the Financial Stability Oversight Council (FSOC), to provide contingency plans for outside risks that disrupt the timing of payment on Treasury securities. The "FSOC Backup Plan Act" is the 73rd piece of legislation proposed by Congressman Donalds…