Senator Brown Says His Push to Limit Bank Size Gaining Support

Business Week

May 1 (Bloomberg) -- Senator Sherrod Brown said support is growing for his proposal to reduce the size of U.S. banks as part of broader legislation that would revamp rules governing Wall Street.

The Ohio senator said his amendment, introduced April 29 with fellow Democratic Senator Ted Kaufman of Delaware, would probably force five banks to divest some regional branches or exit a line of business.

"As people hear the debate on this, I think senators of both parties increasingly are going to join Senator Kaufman and me in moving forward on this amendment," Brown, a member of the Senate Banking Committee, said in an interview with Bloomberg Television's "Political Capital with Al Hunt," airing this weekend.

To read the rest of this article, please click the source link above.

Senator Brown Says His Push to Limit Bank Size Gaining Support »