With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

Is global governance fundamentally different from earlier forms of international cooperation? Is it a necessary response to the effects of globalization? Does the U.S. Constitution limit the ways the United States can engage in global governance? The AEI Project on Sovereignty will explore the effects of globalization on international law, institutions and the Constitution. 

Failures in the regulation of large complex financial institutions played an important role in the financial crisis.

The prospect of an attack on the Supreme Court and other institutions of government is sobering. The Continuity of Government Commission has identified recommendations to ensure that the presidential succession system functions to produce a legitimate president in a timely fashion and that Congress can continue to operate even shortly after a catastrophic terrorist attack.

For many years, community financial institutions have been denied fair and equal access to the secondary market. Banks prosper by making prudent loans with an adequate return and maintaining a reasonable cost structure. Today 97 percent of our banks are community banks and they are increasingly finding this business model under siege.

Recent economic research suggests that colleges siphon off a significant portion of federal education aid rather than lowering costs to students

The Community Reinvestment Act was a successful piece of legislation; however, the success was incomplete and came with significant costs that have increased over time as the structure of markets has evolved.

No, the government shouldn’t eliminate tax breaks for private universities.