Economists, Free Market Groups Urge Congress to Reject RECOUP Act

CEI’s John Berlau is cited in DC Journal on outside groups to reject the RECOUP Act:

That’s the concern of John Berlau with the Competitive Enterprise Institute.

“The signatories urge Congress to halt the legislation that gives bank regulators massive new powers to remove bank leadership for vaguely defined ‘risk control’ failures that could include simply doing business with politically disfavored industries,” Berlau told InsideSources. “The policy leaders express particular concern that Congress will insert the legislation into a must-pass bill to bypass important debate about the RECOUP Act’s harmful, far-reaching provisions.”

Read the full article on DC Journal.