Brown Statement on the Federal Reserve's Proposal to Weaken Rules for Large U.S. Banks
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement on the Federal Reserve’s proposal to weaken systemic risk protections for banks with up to $700 billion in assets.
“This Administration and Congress continue to fail hardworking Americans by weakening protections that guard taxpayers from big bank risk,” said Brown. “What’s worse, the Fed said that more roll backs for foreign banks and big banks are on the way.”
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