SENATOR VANCE INTRODUCES THE BANK FAILURE PREVENTION ACT
July 27, 2023
July 27, 2023
WASHINGTON, July 27 -- Sen. J.D. Vance, R-Ohio, issued the following news release:
Senator JD Vance (R-OH) has introduced the Bank Failure Prevention Act, which would improve bank supervision and regulation for insured state banks with assets of $100 billion or more. Under this legislation, such institutions overseen by the Federal Reserve or Federal Deposit Insurance Corporation (FDIC) as their primary federal regulator would instead fall under the jurisdiction of the Office of the . . .
Senator JD Vance (R-OH) has introduced the Bank Failure Prevention Act, which would improve bank supervision and regulation for insured state banks with assets of $100 billion or more. Under this legislation, such institutions overseen by the Federal Reserve or Federal Deposit Insurance Corporation (FDIC) as their primary federal regulator would instead fall under the jurisdiction of the Office of the . . .