Tag: Banking Committee

Daines Calls on Biden Administration to Abandon Anti-Small Business Basel III Endgame Proposal

Joins Republican Banking Committee Colleagues in Sending Letter to Biden Administration U.S. SENATE – U.S. Senator Steve Daines today joined every Republican on the Senate Banking Committee in continuing their call for financial regulators to withdraw the Basel III Endgame proposal that would raise bank capital requirements. As the public comment period for the proposed rule closed, the members sent a letter to the Federal Reserve (Fed), Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency highlighting the agencies’ continued failure to provide a thorough economic analysis justifying the proposal’s merits and to address concerns on the proposal’s

Daines Criticizes Biden Chief Economist Nominee Claims that Administration has “Top Track Record” on Energy Production

U.S. SENATE – Senator Steve Daines (R-MT), a member of the Senate Banking Committee, today criticized Jared Bernstein, nominee to be Chairman of the Council of Economic Advisors, for his claim at the administration has a “top track record” on domestic energy production. Under questioning from Daines about the unsustainability of the administration’s climate policies. Bernstein claimed the administration is in pro-oil and pro-natural gas, a claim that Daines said was “laughable.” Click HERE to watch the exchange. Senator Daines: “Thank you. I been watching this hearing today, was just curious coming back about the Keystone Pipeline Dr. Bernstein. You refuse to say whether you recommend shutting down the Keystone pipeline