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Senate approves sweeping banking reform bill
The Senate voted 79 to 14 for a broad bank reform measure aimed at restoring competition, lifting ceilings on interest payments, and authorizing interest bearing checking. Proponent Sen. Thomas J. McIntyre called it the most comprehensive restructuring of U S financial institutions since the 1930s, intended to expand competition and improve services while strengthening institutions.
MENTIONED IN THIS ARTICLE
Senate
Thomas J. McIntyre
DN H
Financial Institutions
House
Repo
Special Study Commission On Financial Institutions
Nixon
Ots Cnings