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House passes bill to lessen financial institutions’ capital requirements

On February 27, 2018, the U.S. House of Representatives passed H.R. 4296, which would reduce the operational capital requirements imposed on financial institutions.  The bill passed with a 245-169 vote.  As could be expected from such deregulatory legislation, only 19 Democrats voted in favor of the bill and only 3 Republicans voted against it. Specifically, the ...

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