Economists View has a note on the evolving ideas of what ‘financial’ reform looks like in Congress.
It looks like de novo is back, and it was Barney Frank who pulled it in the first place. (h/t run)
it appears Rep Frank put de novo branch banking back into the House Bill (HR4173) which just passed as shown in the December 10
COMMITTEE ACTION: REPORTED BY A RECORD VOTE OF 8-3 on Thursday December 10, 2009.
SUMMARY OF AMENDMENTS TO BE MADE IN ORDER
Frank (MA) item 12: “Would eliminate the current disparity between banks and thrifts by allowing for nationwide de novo interstate branching for all federally insured depository institutions. 12)”