Of these, two international banks Yasuda Trust and Daiwa would have reported capital-adequacy ratios of less than 4%, a trigger under the new legislation for instant nationalisation.Because all banks except Bank of Tokyo-Mitsubishi have now chosen historical cost accounting, however, all will report capital levels greater than the 8% minimum.
Senator Schumer and Senator Paul Coverdell, Republican of Georgia, have introduced money-laundering legislation that targets "instant banks" being peddled on the Internet.
Brian P. Kavanagh, a Democratic assemblyman who represents Manhattan and this year introduced legislation to implement instant runoff voting in citywide elections, said he had been getting calls from colleagues in recent weeks, asking to add their names as sponsors of the bill.
Cutting out middlemen, fighting entrenched legislation and established players, leveraging instant connectivity, these are all great things.
But if instant delivery system change is the criterion, reform legislation could never be justified.
In an instant, Mr. Romney embraced a 14-year legislative record that includes hundreds of votes on hundreds of pieces of legislation, some of them contentious.
The legislation specifically prohibits taxation of e-mail and instant messaging services "that are provided independently or not packaged with Internet access".
But Trump quickly backtracked, instead embracing modest gun-related measures such as legislation to improve information-sharing for the National Instant Criminal Background Check System.
The legislation authorizes spending $200 million a year to computerize criminal background information to create an instant-check system over the next five years.
The legislation would ban short-term trading by fund insiders, which is largely irrelevant to the instant scandals, most of which involved trading by outsiders, albeit favored outsiders.
