The Senate Banking Committee has begun its markup of a bill that would roll back the Dodd-Frank Act.
The bill, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, contains policies which would roll back or eliminate key parts from the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Earlier this year, House Financial Services Committee Chairman Jeb Hensarling’s, R-Texas, Financial CHOICE Act, H.R. 10, was officially sent on its way to the Senate for a vote.
However, as it only received partisan support, the bill died on the Senate floor.
This new act was sponsored by Banking Committee Chairman Mike Crapo, R-Idaho, with nearly 20 co-sponsors on both sides of the aisle.
