The Senate passed a motion Tuesday to proceed to debate on a bill that would overhaul major parts of the Dodd-Frank Act and is expected to vote on the bill at some point this week.

Late last year the Economic Growth, Regulatory Relief and Consumer Protection Act, which was sponsored by Banking Committee Chairman Mike Crapo, R-Idaho, with nearly 20 co-sponsors on both sides of the aisle, was introduced in the Committee on Banking, Housing and Urban Affairs.

The bill contains policies which would roll back or eliminate key parts from the Dodd-Frank Wall Street Reform and Consumer Protection Act. Most of the housing industry is in support of the bill, declaring it will bring regulatory relief to the industry.

READ MORE:  https://www.housingwire.com/articles/42684-senate-agrees-to-begin-debate-over-dodd-frank-overhaul-bill

 

 

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