Free Republic

The US Senate added several amendments to S 3217, the Restoring American Financial Stability Act, that raise the deposit insurance fees levied on some banks and provide greater authority and protection in the financial markets. As Congress continues to review financial regulatory reform amendments, certain other proposals are being left on the cutting room floor. The Senate resumed consideration of the bill this week — adding a handful of amendments — after Senate Republicans blocked debate for several days. Senators passed an amendment Thursday that requires the Federal Deposit Insurance Corp. (FDIC) to alter its definition of the assessment base...