Sen. Tim Scott and banking committee Republicans introduced a new bill known as the FIRM Act, which seeks to prevent ...

The Senate Banking Committee is considering bills to create a regulatory framework for dollar-denominated stablecoins and to prevent debanking due to "reputational risk." ...

Senate Banking Committee Chair Tim Scott (R-S.C.) unveiled legislation Thursday taking aim at debanking.   Debanking — the closure of accounts that banks consider risky, often with little notice ...

Senator Tim Scott's FIRM Act targets debanking, eliminating reputational risk in financial institution regulation, and ...

SENATE BANKING PANEL HEARS DEBANKING TESTIMONY: 'EXTREMELY DISRUPTIVE' Senate Banking Committee Chairman Tim Scott, R-S.C., introduced the debanking bill with a dozen of the panel's GOP members.

Senator Tim Scott, the chief of the banking committee, is backing a bill to stop U.S. regulators from citing "reputational ...

Debanking occurs when a financial institution closes an account they consider to be risky or which could incur reputational ...

Senator Tim Scott introduces a bill to ban "reputational risk" from bank regulations, so as to not influence crypto and other ...

The Senate Banking Committee voted Thursday to advance legislation seeking to strike "reputational risk" from the toolkit of ...