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house Bill H.R. 741

Should Financial Regulators Tailor Rules to Limit the Burden on Smaller Banks & Credit Unions?

Argument in favor

The compliance costs of Dodd-Frank’s one-size-fits-all regulations are crushing many of America’s smaller community banks and credit unions. This bill ensures that regulations take into account the risk profiles and business models of smaller institutions to limit the burden on them.

SneakyPete's Opinion
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08/22/2019
👍🏻👍🏻 Pass H.R. 741As Soon As Fesibly Possible 👍🏻👍🏻 The compliance costs of Dodd-Frank’s one-size-fits-all regulations are crushing many of America’s smaller community banks and credit unions. This bill ensures that regulations take into account the risk profiles and business models of smaller institutions to limit the burden on them. SneakyPete.......... 👍🏻👍🏻👍🏻👍🏻👍🏻. 8.21.19..........
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Kathi13's Opinion
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08/22/2019
Smaller banks and credit unions may be more sensitive to people’s needs than profit-focused big banks.
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Rebekah 's Opinion
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08/22/2019
I’m thoroughly tired of the “Too Big To Fail” banks getting billions of corporate welfare and paying penny penalties for egregious malfeasance while Main Street gets the shaft. End the corruption!
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Argument opposed

Financial regulators and Congress already take steps to tailor rules so they don’t create an excessive burden on small financial institutions. This bill goes too far, and if enacted would lead to endless legal challenges of recent and future rules.

NoHedges's Opinion
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08/22/2019
Congress has yet to relieve the tax burden from the middle-class voters who elected them. This GOP sponsored legislation, like many have said, is an attempt to undermine Dodd-Frank and place the burden of another FOR PROFIT economic recession on the shoulders of the middle-class tax-payers. Besides, I trust Tipton about as far as I can throw him. He has bankrupted the entire western slope of Colorado and destabilized the environment from excessive fracking. Rockslides and mudslides are at an all time high, and they have led to several deaths. Tipton has supported policies contaminating the water supply for Palisade Peaches and other agriculture, and supported Trump’s trade wars, which have led to an increased rate of suicide among ranchers. Tipton blocks every educational advancement and the schools in his district can only afford to be in session 4 days a week. The teachers have been threatened with jail time if they strike, yet a teacher with a Master degree and 10+ years of teaching experience, makes around 39K per year. Scott Tipton has voted to block healthcare, and is a proud member of the Republican’s “pro-life” campaign. Hell will quite literally have to freeze over, and the Almighty Himself ask me personally to support Scott Tipton, before I will CONSIDER backing any legislation he sponsors. Need I say more?
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jimK's Opinion
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08/22/2019
Why should the laws established to protect us from financial institutions taking unwarranted risk be relaxed for any financial institution? In particular, for those smaller institutions in which some people have their entire life savings? If there is a need to ‘level’ the playing field between large and small institutions, I recommend increasing the requirements on larger institutions- which have been rolled-back little by little every year- to the point where even smaller banks are once again getting back into member supported investments which are beginning to carry some of the same kind of risk which triggered the AGI collapse and the domino effect on other ‘too large to fail’ institutions. The public’s risk of having to undertake taxpayer funded bail-outs of these institutions was the driving force for the Dodd-Frank legislation. It is unlikely that taxpayers could be called upon to bail-out smaller institutions which are not ‘too large to fail’ and which often hold a family’s life savings. Why would any taxpayer support increasing the risks by relaxing the rules?
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Ellen's Opinion
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08/22/2019
This is proposed by the GOP. It likely screws the public, so no
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedJanuary 24th, 2019
    👍🏻👍🏻 Pass H.R. 741As Soon As Fesibly Possible 👍🏻👍🏻 The compliance costs of Dodd-Frank’s one-size-fits-all regulations are crushing many of America’s smaller community banks and credit unions. This bill ensures that regulations take into account the risk profiles and business models of smaller institutions to limit the burden on them. SneakyPete.......... 👍🏻👍🏻👍🏻👍🏻👍🏻. 8.21.19..........
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    Congress has yet to relieve the tax burden from the middle-class voters who elected them. This GOP sponsored legislation, like many have said, is an attempt to undermine Dodd-Frank and place the burden of another FOR PROFIT economic recession on the shoulders of the middle-class tax-payers. Besides, I trust Tipton about as far as I can throw him. He has bankrupted the entire western slope of Colorado and destabilized the environment from excessive fracking. Rockslides and mudslides are at an all time high, and they have led to several deaths. Tipton has supported policies contaminating the water supply for Palisade Peaches and other agriculture, and supported Trump’s trade wars, which have led to an increased rate of suicide among ranchers. Tipton blocks every educational advancement and the schools in his district can only afford to be in session 4 days a week. The teachers have been threatened with jail time if they strike, yet a teacher with a Master degree and 10+ years of teaching experience, makes around 39K per year. Scott Tipton has voted to block healthcare, and is a proud member of the Republican’s “pro-life” campaign. Hell will quite literally have to freeze over, and the Almighty Himself ask me personally to support Scott Tipton, before I will CONSIDER backing any legislation he sponsors. Need I say more?
    Like (35)
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    Why should the laws established to protect us from financial institutions taking unwarranted risk be relaxed for any financial institution? In particular, for those smaller institutions in which some people have their entire life savings? If there is a need to ‘level’ the playing field between large and small institutions, I recommend increasing the requirements on larger institutions- which have been rolled-back little by little every year- to the point where even smaller banks are once again getting back into member supported investments which are beginning to carry some of the same kind of risk which triggered the AGI collapse and the domino effect on other ‘too large to fail’ institutions. The public’s risk of having to undertake taxpayer funded bail-outs of these institutions was the driving force for the Dodd-Frank legislation. It is unlikely that taxpayers could be called upon to bail-out smaller institutions which are not ‘too large to fail’ and which often hold a family’s life savings. Why would any taxpayer support increasing the risks by relaxing the rules?
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    This is proposed by the GOP. It likely screws the public, so no
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    Savings and loan crisis. No thanks
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    I don’t trust the trump administration. I don’t trust the trump administration to do this appropriately.
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    Smaller banks and credit unions may be more sensitive to people’s needs than profit-focused big banks.
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    I’m thoroughly tired of the “Too Big To Fail” banks getting billions of corporate welfare and paying penny penalties for egregious malfeasance while Main Street gets the shaft. End the corruption!
    Like (6)
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    I agree with NoHedges response below. Congress has yet to relieve the tax burden from the middle-class voters who elected them. Besides, I trust Tipton about as far as I can throw him. He has bankrupted the entire western slope of Colorado and destabilized the environment from excessive fracking. Rockslides and mudslides are at an all time high, and they have led to several deaths. Tipton has supported policies contaminating the water supply for Palisade Peaches and other agriculture, and supported Trump’s trade wars, which have led to an increased rate of suicide among ranchers. Tipton blocks every educational advancement and the schools in his district can only afford to be in session 4 days a week. The teachers have been threatened with jail time if they strike, yet a teacher with a Master degree and 10+ years of teaching experience makes around 39K per year. He has voted to block healthcare and is a proud member of the Republican’s “pro-life” campaign. Hell will quite literally have to freeze over, and the Almighty Himself ask me personally to support Scott Tipton before I will CONSIDER backIng any legislation he sponsors. Need I say more?
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    I don’t believe what I am seeing! Is federal control of banks in our constitution? What about the control of the Federal reserve which is neither?! So what, the feds can offer taxpayer bailouts again fleecing the wealth and our retirements for shady business practices? And lemme guess, our “protector” the federal government is coming to the rescue again? HEGELIAN DIALECTIC perhaps?! You should all be ejected from office and the idiots that voted you in there dont deserve their freedom which is probably why we are heading toward totalitarianism at break neck speed?!
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    I’m not concerned with any banks burden of maintaining solvency. I have to do it. No one is trying to bail me out.
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    REGULATIONS? DODD FRANK???? THE GOP HS CHOSEN TO MAKE SURE We The People are now back on the hook for the banks when they next FAIL!!! Although their CEO's and CFO's will still receive their HUGE UNEARNED BONUSES!!!
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    Absolutely not I do some work for smaller banks and I know for a fact they’re making money hand over fist. Talk executives at local banks are paid hundreds of thousands of dollars, give me a break.
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    Financial regulators and Congress already take steps to tailor rules so they don’t create an excessive burden on small financial institutions. This bill goes too far, and if enacted would lead to endless legal challenges of recent and future rules.
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    Nothing, nothing, nothing the GOP proposes, ever. Unless they all propose to quit and move to Greenland...Oh wait....”The (sob) Prime Minister (sob) was mean me. I am not going to play with her now. Aren’t the risks the same for all? Based on profits, investments, losses, expense. That it would not balance out is pure GOP smoke and mirrors.
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    AUDIT THE FEDERAL RESERVE! They do not Constitutionally have the authority to control the money supply. Put the USA back on the gold standard! Otherwise, we will be put in a terrible financial crunch.
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    The current banking system is essentially a monopoly, we need to encourage small business growth all we can in order to keep competition. Otherwise fees and rates will just keep going up, with nobody to stop them.
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    Regardless of size, similar regulations must be required for all institutions assuming the public trust.
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    Small banks and credit unions need to be protected from the government and large banks. Big banks always get their way.
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    Regulations are in place to protect the consumer. 12 years ago we saw a great lose of money when the banks could not cover their liabilities. Instead maybe the government should break up the large banks who are said to be to big to fail so the government has to bail them out.
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