After months of advocacy, financial trade associations were pleased by the Senate’s 67-31 vote in favor of S. 2155, also known as the Economic Growth, Regulatory Relief and Consumer Protection Act.
The Senate also passed amendments to the bill which, among other things, would apply to international banks with more than $250 billion in total assets.
Find out what provisions various trade associations support as the bill heads to the House and what Financial Services Committee Chairman Jeb Hensarling (R-Texas) hopes can be done with it before it is passed on to the president.