House passes reg relief bill
The Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) overwhelmingly passed in the U.S. House of Representatives May 22. The final tally was 258-119 votes for the bill. Thirty-three Democrats voted for the bill.
The bill passed the Senate March 14 by a vote of 67 to 31. The bill now goes to President Trump, who has indicated he will sign it.
The bill’s passage is considered a significant win for the banking industry; it was supported by community banks, banking associations and credit unions.