State of the Union Address by President Donald J. Trump February 5th, 2019
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Deposit Cap Loophole (3753)

This amendment would
prohibit the largest banks from growing even larger by purchasing thrift
assets.  A loophole currently exists that allows banks to break through
the nationwide 10% deposit cap that was put in place in the Riegle Neal
Interstate Branching Act of 1994 by purchasing thrift assets.  This
amendment would close that loophole. This will help prevent the big banks from
growing even bigger by closing this loophole.  This amendment strengthens
the goal of preventing entities from becoming “Too-Big-to-Fail”.

 

 

 

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