Supporters of the Luetkmeyer bill are working this week to maintain bipartisan backing. A version that the House Financial Services Committee approved in November 2015 had 20 Democratic co-sponsors.
“Using an arbitrary asset threshold — no matter if it is $50 billion, $100 billion, $250 billion or higher — does not take into account a bank’s holistic profile, which should be examined in determining what risks it poses to the financial system,” Regional Bank Coalition spokesman Matt Well said. “The more risk, the more regulation there should be, but for institutions with reduced risk, there should be a corresponding reduced regulatory scope.”
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