Senator Warren Questions OCC Rule Sharply Reducing Oversight of Large Banks

Since 2014, the U.S. Office of the Comptroller of the Currency has required banks with average consolidated assets of $50 billion to establish enhanced risk-governance frameworks overseen by their boards. The standards stem from reforms enacted after the 2008 financial crisis and determine whether large regional banks remain subject to stricter governance and risk-management requirements.

On December 23, 2025, the OCC proposed raising the threshold fourteenfold to $700 billion. The agency initially estimated that the number of covered banks would fall from 38 to eight. On May 7, 2026, Senator Elizabeth Warren wrote to Comptroller Jonathan Gould, saying the changes as a whole would leave only five of 31 large banks subject to the rules and calling for the proposal to be withdrawn immediately.