Senate Passes Regulatory Relief Bill

On March 14th, the Senate passed a significant regulatory relief bill, the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” in a bipartisan 67-to-31 vote. The Bill, if ultimately enacted, would result in the first major revisions to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. It would leave the architecture and major features of DoddFrank intact, but would significantly recalibrate Dodd-Frank requirements in several areas important to banking organizations. Click here for more.