US Senate Bank Panel Clears Regulatory Relief Bill

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00018027-us-senate-bank-panel-clears-regulatory-re/

Senate Banking Committee yesterday approved legislation that would reduce or eliminate regulations that affect banks, savings institutions and credit unions, according to a story today by Reuters. Many of the regulations have been deemed as repetitive and obsolete.

Sen. Michael Crapo (R-ID) said during the committee?s consideration of the bill that the legislation ?is a compromise for all sides.?

For this complete story, please visit US Senate Bank panel clears regulatory relief bill.