American Banker, December 15, 2023, Lawmakers Introduce Flurry Of Banking Legislation Ahead Of Winter Recess
Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, along with Sens. John Kennedy, R-La., Bob Casey, D-Penn., and Chris Van Hollen, D-Md., have reintroduced a bill that would make companies that acquire an ILC be subject to the same supervision by the Federal Reserve as any other bank holding company.
That bill has bipartisan support from a range of lawmakers and trade associations, including banking groups and community advocates like Americans for Financial Reform and the National Community Reinvestment Coalition.
