Sen. Britt introduces bill to update asset-based thresholds for banks
U.S. Sen. Katie Britt (R-AL) introduced legislation this week that seeks to update asset-based thresholds in federal banking law. Many of the asset thresholds Congress established to tailor enhanced federal banking regulations are fixed dollar amounts that do not automatically keep pace with the U.S. economy, Britt said. As banks grow with the economy, they can cross these thresholds and become subject to significantly more complex and costly regulatory requirements even if their relative siz...
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