Sahil Kapur

@sahilkapur ↗

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Last Checked March 28, 2023

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Mon Mar 13 15:09:18 +0000 2023

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Sahil Kapur @sahilkapur

Katie Porter says she's working on a House bill to undo the 2018 law that eased bank rules. Biden wants Congress to "strengthen the rules for banks." BUT, no sign yet that supporters of 2018 law—led by Republicans, joined by dozens of Dems—are shifting. https://t.co/Cyf1f3WEoB — PolitiTweet.org

Posted March 13, 2023

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Sahil Kapur @sahilkapur

NEW: Silicon Valley Bank collapse puts new spotlight on 2018 bank deregulation law The Trump-era bill sparked an intense fight among Senate Democrats; 17 joined Republicans to pass it. Elizabeth Warren led the fight against it. Now she wants to undo it. https://t.co/Cyf1f3WEoB — PolitiTweet.org

Posted March 13, 2023

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Sahil Kapur @sahilkapur

In essence, the 2018 law reclassified which banks were "too big to fail" and thus subjected to enhanced regulation and stress tests, by moving the threshold from $50b in assets to $250b. An array of midsize and community banks had asked for that relief. https://t.co/Cyf1f3WEoB — PolitiTweet.org

Posted March 13, 2023