The attorneys general of eight states asked the U.S. District Court for the District of Columbia this week for permission to join a lawsuit challenging the constitutionality of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
If approved by the court, Alabama, Georgia, Kansas, Montana, Nebraska, Ohio, Texas and West Virginia would join Oklahoma, South Carolina and Michigan in the suit. The suit, originally filed June 21, 2012, also includes the original plaintiff, State National Bank of Big Spring, Texas, as well as the 60 Plus Association and the Competitive Enterprise Institute.
The 11 state attorneys general are challenging Title II of the Dodd-Frank Act, which gives the Secretary of the Treasury so-called "Orderly Liquidation Authority."
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