S.J.Res. 110, Financial Deregulation via CRA Disapproval. Quorum's AI analysis reads it as a net cost — and names who bears it.
S.J.Res. 110 · Net cost
What it does
This is a Congressional Review Act resolution that would block a Treasury Department rule requiring large, systemically important banks to hold more capital and debt as a financial safety buffer. If passed, the rule—which strengthens protections against bank failures—would be nullified and have no legal effect.
The analysis names large systemically important bank holding companies — and 1 more group — among the beneficiaries.
The cost
Blocking this rule removes a post-2008 financial crisis safeguard designed to prevent systemic bank failures and reduce taxpayer exposure to bank bailouts.
The analysis put a high warning level on this bill. Transparency scores 95%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Elizabeth Warren.