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Basel Capital Proposal Jeopardizes Bank-Related Legislation on the Hill

Published on September 8, 2023

Political pundits anticipate difficulties in advancing banking related legislation amid the recent Basel III endgame proposal which is expected to increase the capital requirements for the largest institutions. Both chambers have returned from recess to face a potential shift in focus on several banking issues — ranging from credit card interchange fees to cannabis banking. The Basel III proposal is expected to face significant pushback from Republicans and complicate efforts for bipartisan compromise on banking-related bills.

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