WASHINGTON — If sustained, a lower court ruling barring federal financial regulators from overseeing MetLife would "fundamentally undermine" Congressional intent, a liberal-leaning legal trade group said today in a friend of the court brief to the U.S. Court of Appeals for the D.C. Circuit.

The brief was filed by the Constitutional Accountability Center in MetLife v. Financial Stability Oversight Council (FSOC) on behalf of the Democratic congressional leadership, including former Sen. Chris Dodd, D-Conn., and former Rep. Barney Frank, D-Mass., named sponsors of the Dodd-Frank Act, the law that created the FSOC.

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