Frank Murkowski: “To expect them to be very effective outside that puts them at a great disadvantage. I hope we can see within the…”

“To expect them to be very effective outside that puts them at a great disadvantage. I hope we can see within the interpretive language of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, some language that would address this inconsistency, because I have heard from those regulators and they, too, have a degree of frustration because they are mandated under the act. Yet the realities are that many of these small community banks do a good service. It puts them at an unfair disadvantage to be measured by a ruler that simply is unrealistic. If the chairman can give me that assurance the legislative language or intent will recognize this, I will not proceed with my proposed amendment.”