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U.S. Senator Tim Scott introduces new legislation aimed at ending debanking practices

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Summary
Nutrition label

61% Informative

U.S. Senator Tim Scott (R-S.C.) has introduced new legislation aimed at addressing the growing issue of debanking practices in the country.

The FIRM Act seeks to eliminate the use of reputational risk as a metric for regulating financial institutions.

The legislation is positioned as a way to stop federal regulators from abusing their authority for political purposes.

VR Score

45

Informative language

39

Neutral language

59

Article tone

formal

Language

English

Language complexity

64

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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