Around 60 militias sprang up in the heat of the rebellion and its aftermath, many of them loth to submit to the rule of the new central authority.

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Representative Spencer Bachus urged investors and market players to submit ideas to the House of Representatives Financial Services Committee before September 7, saying that the rule as currently proposed would have a "devastating" impact on the U.S. economy.

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Spratton Parish Council said it would now submit a formal letter of objection to Daventry District Council, which will rule on the plan in November.

BBC: Residents at the meeting at Spratton.