Multiple financial trade associations are throwing support behind bipartisan legislation proposing to require federal banking regulators to review existing regulations more frequently, and roll back regulations determined to be obsolete.
H.R. 4607, also known as the “Comprehensive Regulatory Review Act,” recently was approved by a 38-17 vote in the House Financial Services Committee.
Find out more details about the potential impact of the bill and why it has gained support in the financial industry.