In the U.S. House of Representatives, Republicans hold a slim majority and can only afford to lose four votes on the House floor. Therefore, Rep. Patrick McHenry (R-NC).
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South Florida bank executives were busy speaking to their customers on Monday to calm their nerves and reassure them that the Silicon Valley Bank and Silvergate Bank takeovers did not constitute a repeat of the financial collapse of 2008.
"This MCC would lead to the creation of a backdoor registry" of gun purchases in violation of state law in Florida, state Senator Danny Burgess told a February hearing on legislation he has authored. 'UNINTENDED CONSEQUENCES' Some trade groups representing banks have expressed concern that the state measures could create problems such as exposing only certain financial companies to enforcement or making it harder for consumers to use credit cards across state lines.
By Ross Kerber (Reuters) - Legislation being pursued by Republicans in several U.S. states aims to limit use of a planned merchant code for credit car.