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Kennedy, Kim reintroduce bill to close "shadow banking" loophole and ensure a fair banking system
January 29, 2026
WASHINGTON, Jan. 29 -- Sen. John Kennedy, R-Louisiana, issued the following news release:

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Kennedy, Kim reintroduce bill to close "shadow banking" loophole and ensure a fair banking system

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WASHINGTON - Sens. John Kennedy (R-La.) and Andy Kim (D-N.J.), members of the Senate Banking Committee, today reintroduced the Close the Shadow Banking Loophole Act to ensure companies that operate like banks follow the same rules and receive . . .

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