Crapo: US Treasury reforms will be ‘complicated’

Democrats unlikely to back changes that benefit big banks, Senate banking committee chair says

mike-crapo-us-senate
Mike Crapo: some US regulatory agencies "do not feel accountable"

Passing legislation to enact the recommendations of the US Department of the Treasury’s review of financial regulations is likely to be “complicated”, a senior lawmaker has said. Around a fifth of the recommendations are estimated to require legislative change and Democrats are in no mood to support their Republican counterparts.  

“It’s going to be complicated for sure, both in terms of the subject matter and the scope we have chosen for our legislation, but also in terms of the politics,”

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