H.R. 7143, known as the "Stop Basel Endgame Act," mandates that leaders of certain federal agencies cancel a proposed rule concerning capital requirements for large banking organizations and those with significant trading activities. Specifically, the Office of the...
Simple Explanation
In this bill, Congress is telling some big US money bosses that they need to stop a new rule about how much money big banks need to keep safe. They want to stop this rule to make sure banks can keep their money rules the same as before.