Insights: Publications House Passes Bill to Reduce Capital Requirements of Financial Institutions
JD Supra
On February 27, the U.S. House of Representatives passed H.R. 4296, which aims to reduce the operational capital requirements imposed on financial institutions. The bill passed with a vote of 245-169. As is typical with deregulatory legislation, only 19 Democrats supported the bill, while only three Republicans voted against it.
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