"Leading House Republicans on banking issues called on the Federal Deposit Insurance Corp. to withdraw its brokered deposit proposal, previewing part of the GOP's bank regulatory agenda in the next Congress.

Reps. Andy Barr, R-Ky., and French Hill, R-Ark., both leading contenders to be the chairman of the House Financial Services Committee next year, asked that FDIC Chair Martin Gruenberg abandon the brokered deposit rulemaking, which would reverse a more bank-friendly rule issued during the first Trump administration."