Morning Money: M.M. FACTS OF LIFE: SHELBY EDITION
Politico - May 18, 2015 - May 18, 2015
By Ben White
Conventional wisdom holds that many sections of Sen. Richard Shelby’s banking regulation bill could eventually find their way into law following some tweaks. That wisdom is wrong. Senate Democrats are likely to strongly oppose much of the bill and the administration sees nothing beyond the first title on community banks as palatable.
Think there will be a compromise on lifting the cap on banks automatically subject to increased regulatory scrutiny and capital standards to $250 million (Shelby proposed raising it from $50 billion to $500 billion)? Think again. The White House is not likely to support any change to the current rules. Administration officials are also cool to Shelby’s proposals on insurance regulation and pretty much everything beyond the first section of the bill.
Read the full article: Morning Money: M.M. FACTS OF LIFE: SHELBY EDITION