Senator Shelby plans bill to heighten Fed scrutiny: WSJ

(Reuters) - Senate Banking Committee Chairman Richard Shelby plans to introduce a regulatory relief bill on Tuesday that would heighten congressional scrutiny of the Federal Reserve and revamp several rules faced by small banks, the Wall Street Journal reported citing Republican committee aides. The 216-page draft bill proposes to create a commission to study on how to restructure Federal Reserve's 12 regional banks, the Journal said. (http://bit. ...