06/21/2023
https://www.congress.gov...
"It is legal to do that, and I think that's what the regulators say. It's legal."
"The first, which every Republican on this Committee supported, is to raise the threshold to $500 billion--that is, cut loose about 30 or so of the biggest banks in this country, and just hope for the ..."
"Dodd-Frank requires big financial institutions to submit living wills, a plan for how they could be liquidated--and I want to quote the statute here--``in a rapid and orderly fashion'' in bankruptcy w..."
"The other approach is to play it safe. Keep the threshold where it is and rely on the Fed to tailor the rules to fit the risks posed by these different banks."