SENATOR VANCE PUSHES FED CHAIRMAN POWELL TO SPARE OHIO'S REGIONAL BANKS FROM COSTLY NEW BANK REGULATIONS
March 08, 2024
March 08, 2024
WASHINGTON, March 8 -- Sen. J.D. Vance, R-Ohio, issued the following news release on March 7, 2024:
Senator JD Vance (R-OH) pressed Federal Reserve Chairman Powell on the Basel III proposal that would extend enhanced capital requirements to all regional banks over $100B in assets. The proposal would subject regional banks to the same stringent regulations that have been reserved for the largest "Too Big Too Fail" banks that have more than $700B in assets.
Sena . . .
Senator JD Vance (R-OH) pressed Federal Reserve Chairman Powell on the Basel III proposal that would extend enhanced capital requirements to all regional banks over $100B in assets. The proposal would subject regional banks to the same stringent regulations that have been reserved for the largest "Too Big Too Fail" banks that have more than $700B in assets.
Sena . . .