Home   |   Contact Us   |   Sign In   |   Join
News & Press: Open News

Dodd-Frank Relief Bill Moves to the Senate Floor

Tuesday, March 6, 2018   (0 Comments)
Share |

President Donald Trump has called for a near-total repeal of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but the regulatory relief bill that has the best shot of landing on his desk this year purposely attempts to be a “skinny” reform measure designed to gain traction in Congress, according to industry analysts.

Senate Bill 2155, known as the Economic Growth, Regulatory Relief and Consumer Protection Act, appears to have enough support from moderate Senate Democrats to pass with a filibuster-proof 60 votes. The bill's sponsors include 12 Democrats and one independent. Although progressive Democrats and consumer-advocacy groups oppose the legislation, the mortgage lobby says it has a good chance of passing. [more]

Membership Software Powered by YourMembership  ::  Legal