Internships
We invite you to apply for unpaid internships in our offices in both Washington D.C. and in the district. These highly competitive positions offer unique opportunities for you to gain an insider's view of the legislative process.
Read more
|
|
February 1, 2007: Congressman Ryan Applauds FDIC Decision to Extend Moratorium on Proposed Wal-Mart Bank |
| Print |
|
(Washington,
D.C.) - Congressman Tim Ryan (D-Ohio) applauded the unanimous decision
Wednesday by the Federal Deposit Insurance Corporation to extend for one year a
moratorium on commercial firms such as Wal-Mart attempting to open Industrial
Loan Companies (ILC's), known also as "industrial banks".
Last year, Congressman Ryan helped build a coalition of 107
Members to sign a letter urging the FDIC to delay granting applications to
commercial firms.
"This is much more than simply a technical regulatory
issue," Congressman Ryan said. "This is a critical public policy decision.
The FDIC kept the American people in mind when it made its decision to protect
small community banks. People can
continue to depend on these institutions when they want to buy a home, start a
small business or further their education."
"The
Independent Community Bankers of America should be commended for their advocacy
on behalf of this issue. Now, Congress
must act quickly to restore the historic separation between banking and
commerce. I support the legislative
efforts of Congressman Barney Frank (D-MA) and Congressman Paul Gillmor (R-OH)
to close regulatory loopholes and strengthen the authority of the FDIC."
|
|
|