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Senate approves resolution urging Utah’s delegation to push for lighter federal banking regulation
Summary
SCR 1, a concurrent resolution crafted by the governor’s task force on capital formation, passed committee and was placed for third reading; it urges Utah’s congressional delegation to reduce regulatory burden on banks and warns small community banks face disproportionate compliance costs.
A concurrent resolution urging reexamination of federal banking regulation (SCR 1) moved forward in the Senate after a favorable report from the business, labor and economic development committee. Sponsors said the resolution was crafted by the governor's task force on capital formation and is intended to urge Utah's congressional…
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