Bank exec crackdown fades post-SVB

CEI’s John Berlau is cited in Politico regarding the exec crackdown’s subsiding:

The free-market Competitive Enterprise Institute led a letter to Congress in February urging members against taking up the bill. CEI’s director of finance policy, John Berlau, said he’s spent the months since the bill’s approval arguing two things to members: that the House hasn’t passed anything similar, and that recent reports of workplace misconduct at regulators mean they aren’t fit to enforce the policies.

“Do you really want to give agencies that much power, especially before we get to the bottom of this?” Berlau said.

He added that he’s spoken with the staffs of committee Republicans who voted for the bill in committee — but have since indicated they are rethinking their support.

Read the full article on Politico.