Senate Banking Committee introduces repeal of Dodd-Frank

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.



Leave a Comment


Powered by WishList Member - Membership Software

Scroll to Top
Malcare WordPress Security