Congress disapproves a Treasury rule on capital standards for large bank holding companies.
The bill, introduced by Senator Elizabeth Warren, seeks to disapprove a rule by the Department of the Treasury. This rule modifies the enhanced supplementary leverage ratio standards for U.S. global systemically important bank holding companies and their subsidiary depository institutions, as well as the total loss-absorbing capacity and long-term debt requirements for these companies. The rule would have no force or effect if the resolution passes.
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