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House subcommittee hears witnesses on 'rightsizing' U.S. bank capital framework amid debate over competitiveness and community lending
Summary
A House Financial Services subcommittee hearing reviewed proposals to recalibrate U.S. bank capital rules, with industry witnesses urging data‑driven tailoring to avoid harming small businesses and community banks and academics warning of systemic risks if capital is weakened.
Chairman Barr opened the Subcommittee on Financial Institutions hearing saying the goal was to "rightsize" the U.S. bank capital framework so it protects safety without needlessly restricting credit. He told witnesses the committee seeks a framework "that is proportional, tailored, and grounded in empirical analysis."
Witnesses presented competing emphases. Amanda Eversol, president and CEO of the Financial Services Forum, said U.S. global‑systemically important banks (GSIBs) are "never been more capitalized and more resilient" and warned that higher required capital carries economic trade‑offs for homeowners, small businesses and farmers. She urged regulators to support any rule with clear data, and to harmonize the U.S. GSIB surcharge with international standards.
Andrew Ullman of Mayer Brown and Margaret Tire (as…
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