04/15/2024
https://congress.gov...
"After witnessing some of the largest bank failures in our history earlier this year, our response must resemble how we acted after the 2008 financial crisis."
"When Congress passed the Dodd-Frank Act, the purpose was clear, which was to prevent something like the 2008 financial crisis from happening again."
"These regulations were intentional and responsive to catastrophic mistakes."
"The benefits of higher capital requirements are clear. They will enhance bank resilience and secure more stable lending in our economy."