Fed extends streak, keeping state bank oversight

Capitol Hill

The Federal Reserve on Wednesday won the overwhelming support of the US Senate to keep oversight of some small banks, as lawmakers continued to mould a bill that overhauls the regulatory landscape.

The upper chamber voted 91-9 in favour of an amendment proposed by Kay Hutchison, a Republican senator from Texas, and Amy Klobuchar, a Democrat from Minnesota, which would allow state chartered banks and bank holding companies with less than $50 billion in assets to choose Fed supervision. In additio

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