Search Results: keywords:"financial services access"

  • S. 875 — To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
    Status:Reported to Senate
    Words:3,207

    S. 875, known as the "Financial Integrity and Regulation Management Act" or the "FIRM Act," aims to prevent Federal banking agencies from using reputational risk as a reason to supervise or regulate depository institutions. The bill argues that such risks have been used to...

    Simple Explanation

    The FIRM Act is like a rule that tells banks they can't stop helping people just because they might look bad. It wants to make sure banks and those in charge don't use silly reasons to limit who can use money services.

  • S. 875 — To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
    Status:Introduced in Senate
    Words:1,170

    S. 875 aims to prevent the political influence of federal banking agencies by removing "reputational risk" from their oversight of banks and credit unions. The bill asserts that using reputational risk allows agencies to unfairly limit access to financial services for certain...

    Simple Explanation

    The bill wants to make sure that bank rules are fair by stopping them from being influenced by whether something looks bad, like a rumor. It means banks and credit unions shouldn't get treated differently just because someone thinks they might look bad.

  • H. RES. 111 — Expressing support for blockchain technology and digital assets.
    Status:Introduced in House
    Words:354

    The resolution, H. RES. 111, expresses support for blockchain technology and digital assets in the United States. It emphasizes the importance of understanding and fostering technological advancements that could improve the financial system and expand access to financial...

    Simple Explanation

    H. RES. 111 is a proposal where the grown-ups in charge want to say they like cool new things called blockchain and digital money. They also want to make rules that keep people safe while using them but wish for the rules to be clear and fair.