We have a brand new updated website! Click here to check it out!

Brownback Protests Regulatory Bills Forced By Feds

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 Eagle Radio | FCC Public Files | EEO Public File