The House recently passed bipartisan legislation requiring federal banking regulators to simplify community bank reporting requirements, as well as bills that would amend the Truth in Lending Act and the Economic Growth and Regulatory Paperwork Reduction Act in ways that would benefit smaller financial institutions.
Two of the three measures are included in separate sections of the bipartisan Senate regulatory relief bill, S. 2155.
Find out more about the bills and what virtually identical language is included in S. 2155.