US bank capital plans violate Dodd-Frank Act, senators, law professors say
By Neil Roland ( June 23, 2026, 20:00 GMT | Insight) -- The Trump administration's proposals for Basel III and other capital requirements violate the 2010 Dodd-Frank Act by lowering large banks' thresholds beyond permissible cutoffs without explanation, according to five Democratic US senators and two law professors. The senators' letter, led by top Senate Banking Committee Democrat Elizabeth Warren, said the March proposals would breach the provision that bars officials from setting big banks' risk-based capital requirements lower than comparable requirements for all banks.The Trump administration's proposals for Basel III and other capital requirements violate the 2010 Dodd-Frank Act by lowering large banks' thresholds beyond permissible cutoffs without explanation, according to five Democratic US senators and two law professors....
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