Senator Warren Introduces Resolution to Block Treasury Rule Easing Capital Standards for Largest U.S. Banks
This resolution attempts to block a Treasury rule that eased capital requirements for the largest U.S. banks. If it passes and those banks must hold more capital in reserve, they may have less money available to lend — which could mean tighter credit for small businesses. On the other hand, stricter capital rules reduce the risk of a major banking crisis that could freeze lending entirely, which would be far worse for small businesses.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
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Document Type
Congressional Bill
Official Title
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies".
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