In fact, this ends debanking. It restores the flexibility needed to these institutions to better serve you and your family. I'm also pleased that this bill includes two of my bills. The FDIC Board Accountability act...strengthens governance of the FDIC Board on behalf of smaller institutions. And the Enhancing Bank Resolution Participation act, which simply seeks to bring more qualified bidders into failed bank resolutions when disaster strikes. Better oversight and broader participation can protect depositors. (00:51–00:59)
CLAIM
Asserts that the FDIC Board Accountability Act strengthens governance for smaller institutions.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.