The result: a healthy local economy that retains money, has a stronger immune system and is less vulnerable to global fluctuations in labour and currencies.
Last year, chancellor George Osborne announced what he described as the biggest transfer of power to local government in living memory, by allowing councils to retain money raised from business rates.
Before the Durbin-Delahunt bill, the biggest test came in December 2000, when LTV, a steel company, filed for bankruptcy and tried to retain money it received on inventory and receivables that it had already in effect sold to two special-purpose vehicles for $650m.
The government has said it is right that decisions on national funding should be made by ministers and point to decentralising measures passed by the coalition, including allowing councils to directly retain money from business rates.
The committee also asked Facebook's CTO whether it retains money from fraudulent ads running on its platform, such as the ads at the center of a defamation lawsuit by consumer finance personality Martin Lewis.
The committee asked Schroepfer whether Facebook retains money from advertisers it ejects from its platform for running 'bad ads' — i.e. after finding they were running an ad its terms prohibit.
"The procedure to retain money associated with detainees is based on a strong national security interest in preventing these funds from being used in a manner that would adversely impact the safety and security of the United States".
MacGregor admitted retaining television money would be crucial and said it was too early to say whether the deals were safe.
And in 1996, he worked a compromise, retaining state money for use for family planning in general but agreeing that none would be used for abortions or abortion counseling.
Mr. Ackerman conceded that the decision to do so was not without debate, because retaining the money would add "a few hundred million" to Deutsche Bank's capital, but said the move was popular among its investors.
