Michael S. Barr: “At no point in time will we tolerate or accept any type of bias when these decisions are made.”

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.

Community banks are exempt from this proposal. It only covers the top 37 banks in the country.

The bank did respond to regulator citations but those responses were insufficient.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.