By Lafayette Reporter |
Nov 13, 2023
Senators John Kennedy and Tim Scott, along with their Republican colleagues on the Senate Banking Committee, are urging the Biden administration to withdraw the Basel III Endgame proposal. They express serious concerns that the proposal, if implemented, would restrict billions of dollars in capital and result in costlier and more limited access to credit for millions of Americans. The senators argue that this would have severe adverse impacts on the entire U.S. economy, affecting American consumers and small businesses.According to the senators, the Federal Reserve, FDIC,...