Global Monetary Authorities Still Aren't Asking Right Questions

Beginning in June 2004, during the 108th Congress, the Senate began to hear testimony which in its words was “regarding the consideration of regulatory relief proposals.” The Senate Committee on Banking, Housing, and Urban Affairs would continue to investigate these various applications well into the 109th Congress. It was nearly two years before the whole legislature would produce what became known as the Financial Services Regulatory Relief Act (FSRRA) of 2006.