Barr and Fitzgerald Introduce Bank Failure Prevention Act
February 17, 2024
February 17, 2024
WASHINGTON, Feb. 17 -- Rep. Andy Barr, R-Kentucky, issued the following news release on Feb. 16, 2024:
Today, Representatives Andy Barr (KY-06) and Scott Fitzgerald (WI-05) introduced the Bank Failure Prevention Act, a crucial step towards enhancing competition in the United States' banking system. The bill requires the Federal Reserve to act on merger applications in a timely fashion. Doing so will end uncertainty, reduce the likelihood of banks to fail, and maintain the diver . . .
Today, Representatives Andy Barr (KY-06) and Scott Fitzgerald (WI-05) introduced the Bank Failure Prevention Act, a crucial step towards enhancing competition in the United States' banking system. The bill requires the Federal Reserve to act on merger applications in a timely fashion. Doing so will end uncertainty, reduce the likelihood of banks to fail, and maintain the diver . . .