"The US Senate voted Wednesday to ease banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts.In a show of bipartisan support, the upper chamber of Congress voted 67 to 31 in favor of easing some of the regulatory scrutiny imposed on banks in the Dodd-Frank Act of 2010, while leaving key elements of the law in place.
The measure must now go to the House before it can reach President Donald Trump's desk.
The White House quickly praised the Senate passage of the bill, which it said shields financial institutions from "excessive regulation."
"The bill provides much-needed relief from the Dodd-Frank Act for thousands of community banks and credit unions and will spur lending and economic growth without creating risks to the financial system," press secretary Sarah Sanders said in a statement."
https://www.yahoo.com/news/senate-votes-loosen-key-dodd-frank-banking-regulations-010848113.html
The measure must now go to the House before it can reach President Donald Trump's desk.
The White House quickly praised the Senate passage of the bill, which it said shields financial institutions from "excessive regulation."
"The bill provides much-needed relief from the Dodd-Frank Act for thousands of community banks and credit unions and will spur lending and economic growth without creating risks to the financial system," press secretary Sarah Sanders said in a statement."
https://www.yahoo.com/news/senate-votes-loosen-key-dodd-frank-banking-regulations-010848113.html