Senate Passes Bipartisan Bill Relaxing Certain Dodd-Frank Act Requirements
March 16, 2018
Financial Regulation Reform Tracker
The Senate, in a 67-31 vote on March 14, 2018, passed the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), a Bill that would provide: (1) a range of regulatory relief to community banks; and (2) certain relief from enhanced prudential standards to midsize banks. The House, in June 2017, passed the Financial CHOICE Act, a much broader Bill which would repeal additional elements of the Dodd-Frank Act. It remains to be seen how the Senate and House may seek to reconcile these two proposals for Dodd-Frank reform.
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