Through a panel of experts, the Competitive Enterprise Institute will show how opening up the competitive bidding process – at the federal, state, and local level – can provide much-needed relief to agencies and citizens alike.

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in 2010, it created a permanent multi-agency panel called the Financial Stability Oversight Council (FSOC). Proponents of the FSOC said it was needed to help rein in large banks perceived as too-big-to-fail and reduce volatility in financial markets. Yet a broad array of critics now say the FSOC has actually entrenched big banks and embedded them as too-big-to-fail through its selective designation of "systemically important financial institutions."