House Passes Senate Version of Bill Relaxing Certain Dodd-Frank Act Requirements
May 23, 2018
Financial Regulation Reform Tracker
The House, in a 258-159 vote on May 22, 2018, passed, without amendment, 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, including an exemption from the Volcker Rule; and (2) relief from enhanced prudential standards for midsize banking organizations with up to $250 billion in assets. S. 2155 does not repeal nearly as much of the Dodd-Frank Act as the House-passed Financial CHOICE Act, but it is possible that the Senate will consider certain other House financial services provisions in this session of Congress.
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