The U.S. Senate Banking Committee held a hearing on March 28 at which the heads of regulatory agencies presented their accounts of the recent spate of bank failures.
“200 years ago? It was measured in days. 100 years ago? It was measured in hours. And now it's in minutes or seconds,” House Financial Services Chair Patrick McHenry said.
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Fifty congressional Democrats urged regulators to propose "strong" climate disclosure regulations in finalized rules that are expected to be released in the coming weeks.