Sen. J.D. Vance on Thursday plans to introduce a bill that would shield banks from regulatory pressure to cut off customers like crypto firms, gun manufacturers and oil and gas companies.
The Ohio Republican, in his latest attempt to put his stamp on banking policy, told POLITICO in a statement that the legislation aims to ensure the banking system is governed by "apolitical oversight." Republican Sens. Cynthia Lummis of Wyoming and Roger Marshall of Kansas are co-sponsors.
“For far too long, federal regulators have focused on advancing the agenda of the far left at the expense of their core mission,” Vance said.