- Key U.S. regulators have proposed the Basel III endgame requirements that would place greater capital restrictions on banks, tightening credit for average Americans who are already suffering from high interest rates.
- The proposed regulations do not address the issues faced by the banking sector earlier this year when a bank run at Silicon Valley Bank prompted a string of regional bank failures.
- “The burden of this regulation will fall disproportionately on individual borrowers and small businesses, whereas very large corporate borrowers or other large institutions will pay a proportionately smaller amount of this regulation,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the Daily Caller News Foundation.
Proposed banking regulations under contention in Congress would disproportionately hurt average Americans…
