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The Daily BeastJun 26, 2019
Kamala Harris and Katie Porter Intro Bill to Take on Big Banks, Including Trump's
Sean Rayford/GettySen. Kamala Harris (D-CA) and freshman Rep. Katie Porter (D-CA) are teaming up on legislation to hold banks and Wall Street executives accountable.

The bill, the Accountability for Wall Street Executives Act, would allow for state attorneys general and state law enforcement to conduct oversight of national banks regarding compliance with state law, including giving them the ability to issue subpoenas to examine bank records and interview bank executives. 

The goal of the legislation is to deter the conditions that, experts say, led to the subprime mortgage crisis in the late aughts. And none of the major banks would be immune. Deutsche Bank, which is now under criminal investigation for possible money-laundering lapses including allegedly suspicious activities linked to entities tied to Donald Trump, would be subject to subpoenas if there was reason to believe that it too was not complying with state financial protection laws, according to a Harris aide. 

Read more at The Daily Beast.

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