the Federal Reserve issued a white paper last week that contemplates replacing the $50 billion asset size threshold
Richard Shelby
The Public Record
Richard Shelby is a former United States Senator from Alabama, serving from January 3, 1987, until January 3, 2021. A member of the Republican Party, Shelby was known for his work on various committees, including Appropriations and Banking, Housing, and Urban Affairs. Throughout his tenure, he focused on issues such as military funding, economic development, and infrastructure improvements in Alabama.
The change would reduce some of the current pathologies in bank regulation that Dodd-Frank created.
The proposal in the bill under consideration would inject a degree of intellectual rigor into the SIFI designation process that is currently lacking.
In my view the flawed process by which MetLife was designated as a SIFI illustrates the need to impose more intellectual rigor on the SIFI designation process.
The new approach to SIFI designation reflected in the statute would make the regulatory system more fair.
We are trying to give you a lot of power--you already have a lot of power--and some discretion, but none of us wants to weaken the banking system.
We do not want to drive the small, marginal consumer underground where there is no regulation.
I rise today in opposition to the amendment, which is a long-term reauthorization of the Export-Import Bank. In my opinion, after evaluating this issue during a series of hearings in the Senate banking committee, there is no compelling…
What is the pending business? The PRESIDING OFFICER. It is the Ayotte-Kirk amendment.





