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A new bill in Congress threatens to make life hard for the nation's big banks. With JPMorgan (JPM -0.82%), Bank of America (BAC -1.71%), Wells Fargo (WFC -0.79%), and Citigroup (C -0.06%) all clocking in with assets over $400 billion, the new law would hit them hardest where it counts -- capital reserves.
In the video below, Motley Fool contributor Jessica Alling discusses the proposed legislature, how it would effect the banks, and what investors should look out for.
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