H.R. 3937: Compliance Violations Could Equal Charter Revocations and End of Deposit Insurance
If the 45-page bill made it into law, it could call for the "death penalty" for financial institutions by pulling their charters and deposit insurance. It could also hold officers' and directors' feet to the fire. Such a bill is unlikely to pass now, but could it be a shape of things to come if there were a shift in political power? See what's in Maxine Waters' bill. [10/11/17]