On April 21st, the Federal Reserve Board requested comment on two bankruptcy-related studies. The Dodd-Frank Act requires the Federal Reserve Board to study the resolution of financial companies under Chapter 7 or Chapter 11 of the U.S. Bankruptcy Code. The Dodd-Frank Act also requires the Federal Reserve Board to study international coordination of the resolution of systemically important financial companies under the Bankruptcy Code and applicable foreign law. The Federal Reserve Board is seeking public comment on how to address the specific issues that are required to be included in the studies. Comments should be submitted within 30 days after publication in the Federal Register, which is expected shortly. Request for Comment; Federal Reserve Board Press Release.