Brownback Protests Regulatory Bills Forced By Feds

By: AP (Posted by Melissa Brunner)
By: AP (Posted by Melissa Brunner)

TOPEKA, Kan. (AP) _ Gov. Sam Brownback has allowed bills
changing how Kansas regulates banks and real estate appraisers to
become law without his signature.

Brownback said Monday he refused to sign the two measures to
protest what he calls federal intrusion into the state's regulation
of businesses. Both measures were required for Kansas to comply
with a federal law approved by Congress in 2010 to strengthen
regulation of the financial system.

One of the bills requires companies that manage groups of
appraisers who review properties for decisions on loans to register
with the state Real Estate Appraisal Board. Brownback noted the
board already regulates individual appraisers.

The other bill makes technical changes in laws dealing with
state-chartered banks.

Brownback had opposed the 2010 federal legislation when he
served in the U.S. Senate.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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