The FDIC will regulate the depository institution but it cannot regulate the holding company. And what the Federal Reserve would do is regulate the holding company and would leave the FDIC as the primary regulator of the institution as it would be under the current law.
Discussing regulatory roles of the FDIC and Federal Reserve.
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I am honored to yield to the distinguished chairman of the Middle East Subcommittee, the gentlewoman from Florida (Ms. Ros-Lehtinen), for such time as she may consume.
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