Banks' risk to financial system remains a key issue in Congress

04/11/2013 | Hill, The

Legislation seeking to mandate that the Treasury Department break up banks that are so large they could hurt the financial system's stability has been introduced by Sen. Bernie Sanders, I-Vt., and Rep. Brad Sherman, D-Calif. The proposal may struggle to gain support because many lawmakers don't want to revive the debate over the Dodd-Frank Act, observers say. Democratic and Republican senators recently sent a letter to regulators to push for faster rule making related to big banks.

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