Letter to Senate Committee on Banking, Housing, and Urban Affairs Opposing Aspects of Regulatory Improvement Act of 2015
While there may be important changes that could be considered in Dodd-Frank to lessen burdens on smaller, community institutions and to streamline regulatory oversight, the scope and breadth of the changes contained in Senator Shelby's bill’s provisions are overly broad and should not be supported without significant changes to restrict their coverage and narrow their effect. Some provisions should be dropped altogether.
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