VANCE AMENDMENT TO DISCOURAGE MEGABANK ACQUISITIONS PASSES SENATE COMMITTEE
June 23, 2023
June 23, 2023
WASHINGTON, June 23 -- Sen. J.D. Vance, R-Ohio, issued the following news release on June 22, 2023:
Senator JD Vance (R-OH) delivered remarks on his amendment to the RECOUP Act, which passed during a markup of the Senate Banking Committee today.
"The burden of our financial system falls heaviest on the small and midsize banks," said Senator Vance. "The amendment that we proposed would mean that if the FDIC takes a bank into receivership, we only allow a m . . .
Senator JD Vance (R-OH) delivered remarks on his amendment to the RECOUP Act, which passed during a markup of the Senate Banking Committee today.
"The burden of our financial system falls heaviest on the small and midsize banks," said Senator Vance. "The amendment that we proposed would mean that if the FDIC takes a bank into receivership, we only allow a m . . .