Law360, New York (May 22, 2012, 7:43 PM ET) -- Responding to JPMorgan Chase & Co.'s recent $2 billion trading loss and CEO Jamie Dimon's presence on the New York Fed's board of directors, three U.S. senators introduced a bill Tuesday to bar banking executives from serving on the boards of directors of Federal Reserve regional banks.
Sens. Bernie Sanders, I-Vt.; Barbara Boxer, D-Calif.; and Mark Begich, D-Alaska, co-sponsored a bill aimed at restricting conflicts of interest between regulators and regulated institutions, seeking to stop bank leaders from serving as directors of the 12 Federal Reserve...
Sens. Unveil Bill To Bar Bankers From Fed Service
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