Major rules proposed by financial regulators, such as the NCUA, would have to be approved by Congress before they could take effect, according to a draft of the Financial Services Chairman's Financial CHOICE Act released Wednesday.
The draft, totaling almost 600 pages, includes that provision, which also is found in legislation the House passed earlier this year.
The Financial Services Committee will hold a hearing on the bill on April 26. Witnesses for that hearing have not been announced.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
