Wow
June 29, 2010 | federal legislation, industry | Comments (0)From the American Banker:
In an attempt to satisfy Republicans who are turning against the reform bill, the conference committee is expected to reopen negotiations this afternoon and strip out a proposed bank tax from final legislation.
Instead, lawmakers are considering raising the required minimum level of reserves at the Federal Deposit Insurance Corp. — a move that would force all banks, not just the largest that were subject to proposed tax, to pay millions more in premiums.
They are desperate for Republican votes in the Senate.
Comments»
No comments yet.