Both bills would require that organizations that conduct both banking and other financial businesses organize in a holding company form where the bank and the other activities are both subs of the holding company.
My second response was, on the other hand – and isn’t there always an “other hand” when economists start talking – I always remind my audiences at the end of my talks that I am now prepared to “entertain” their questions. They soon learn that can be rather different from answering them.