Moreover, the Congress has ultimate responsibility for establishing the overall regulatory framework for banking organizations, and through its actions Congress can ensure that regulatory relief is consistent with the framework it has established to maintain the safety and soundness of banking organizations and promote other important public policy goals.
These steps were similar to those that many other major countries took. Second, at the heart of the financial collapse were some of the largest commercial and investment banks in the country, as well as the markets in which these institutions were key players.