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Jeff Makovicka: CRA Could Be Expanded to Bank Guidance

Publications - Article | December 29, 2017


Kutak Rock attorney Jeff Makovicka authored the article “The Other CRA" in the November/December 2017 issue of Nebraska Banker.

In the article Makovicka explains that the Congressional Review Act (CRA) establishes a special set of procedures through which Congress can nullify final regulations issued by a federal agency.  Makovicka reviews  the U.S. Government Accountability Office's legal determination that the federal banking agencies' 2013 Interagency Guidance on Leveraged Lending is a rule subject to the CRA, and opines that this determination has the potential to lead to enhanced congressional review of old and new bank regulator actions, including policy statements. 

The article appears as the Counselor's Corner feature in Nebraska Banker and can be read in its entirety here. (See page 13.)

Nebraska Banker is the official publication of the Nebraska Bankers Association.

Makovicka, a partner in the firm’s Omaha office, counsels public and private companies in connection with regulatory compliance mergers and acquisitions, and corporate governance. His practice concentrates on banking matters and he represents banking and other financial institutions and their boards of directors on the strategic policy and regulatory aspects of mergers and acquisitions, joint ventures, establishing subsidiaries, capital raises, restructuring transactions, and investments by and in banking organizations.

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