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Read. Follow. Verify.Senate Hearing on Banking Regulations and Economic Growth
Record date · January 1, 2017
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What This Bill Does
This document is a transcript of a 2017 Senate Banking Committee hearing regarding the regulatory environment for midsize, regional, and large financial institutions. The committee discussed whether current post-crisis regulations, such as stress testing and the , are appropriately tailored to the actual risk profiles of these banks.
The hearing explores potential legislative changes to banking regulations that could alter compliance costs and operational requirements for midsize and regional banks, which directly impacts how these institutions lend to consumers and businesses.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Midsize and Regional Banks
These institutions are subject to regulatory requirements that the committee is evaluating for potential reform.
Financial Regulators
These agencies are responsible for implementing and enforcing the rules discussed by the committee.
Key Facts
- The hearing took place on June 15, 2017, in the Dirksen Senate Office Building.
- The committee examined the impact of post-crisis regulations on midsize, regional, and large financial institutions.
- Chairman Crapo stated that current asset-based thresholds for regulations do not always reflect the actual systemic risk of a bank.
- The committee discussed the $10 billion asset threshold for company-run stress tests, with some participants suggesting it is too low.
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- The CCAR (Comprehensive Capital Analysis and Review) process was identified as a costly and time-consuming burden for noncomplex regional banks.
- The Volcker rule was cited as being overly complicated to implement and difficult to comply with.
- The committee is considering bipartisan legislation to improve the bank regulatory framework.
- Witnesses included representatives from Zions Bancorporation, The Clearing House Association, South State Corporation, and Cornell University.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Regulatory Tailoring
The hearing highlights a clear shift in 2017 toward re-evaluating post-2008 financial regulations to reduce compliance burdens on smaller regional banks.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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