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Committee votes to raise statutory asset thresholds for regulatory obligations
Summary
HR 3230, the Financial Institution Regulatory Tailoring Enhancement Act, would raise multiple statutory asset thresholds (including a proposed increase from $10 billion to $50 billion for certain requirements). Supporters said thresholds are outdated; opponents called the change a large rollback of post‑crisis safeguards.
Committee approves bill to modernize asset thresholds that trigger enhanced regulation.
Representative Andy Barr presented HR 32 30, the Financial Institution Regulatory Tailoring Enhancement Act, saying the bill “modernizes outdated statutory thresholds that have imposed unnecessary and disproportionate burdens on smaller, lower risk financial…
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