U.S. Rep. Fitzgerald: Bank Competition Modernization Act passes Financial Services Committee
Home » Press Releases » U.S. Rep. Fitzgerald: Bank Competition Modernization Act passes Financial Services Committee
WASHINGTON, DC – Congressman Scott Fitzgerald’s (WI-05) Bank Competition Modernization Act, legislation to modernize the outdated bank merger review standards, passed the House Financial Services Committee today. Specifically, the bill creates a $10 billion asset threshold, adjusted for growth in nominal GDP, under which federal banking regulators provide a safe harbor from the Departmen...
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