#Federal Deposit Insurance Corporation
Hirono, colleagues urge strong capital rules to protect Americans’ money
The senators voiced their support for the new capital rules proposed by the agencies in an effort to strengthen the financial system and protect Americans’ jobs, businesses and money. In the letter, the lawmakers cited that strong capital rules allow banks to continue to serve their communities during difficult financial periods.
Sen. Schatz Reintroduces Bill To Ensure US Financial System Ready for Climate Change
US Sen. Brian Schatz (D-HI) and Congressman Sean Casten (D-IL) introduced the Climate Change Financial Risk Act of 2021, legislation that would direct the Federal Reserve to conduct stress tests on large financial institutions to measure the resilience to climate-related financial risks.
