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"All the fees at a check-cashing place are up on the wall," Mr. Nozkowski said.
The silkscreen painting sold for $43.7 million, including fees, at a Sotheby's auction.
The bill calls on the Federal Reserve to cap the fees at a "reasonable and proportional" level.
Fees at a typical private high school in Japan can amount to almost ¥1m ($6,800) a year.
Tuition and fees at a typical four-year public university are closing in on $6,000 this year.
Nationally, tuition and fees at a public university cost in-state students about $9,000 a year, or $36,000 for a four-year degree.
The legislation directs the Fed to cap those fees at a level that is "reasonable and proportional" to the cost of processing transactions.
Greenhill is betting the division will become a significant source of fees, at a time when merger-related work can be scarce.
Big operators are urging the European Commission to set the fees at a level that will ensure the profitability of the newer networks.
It called on the Federal Reserve to cap the fees at a level that "reasonably" accounted for the cost of processing transactions.
Say, for instance, you're an Atlanta teenager looking for a checking account with low fees at a direct bank or a big, national bank.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com