Senate Passes Bill Loosening Banking Rules, but Hurdles Remain in House
- 6 years ago
Senate Passes Bill Loosening Banking Rules, but Hurdles Remain in House
By ALAN RAPPEPORTMARCH 14, 2018
A decade after the federal government rescued the first of many faltering financial firms, the Senate voted on Wednesday to pass legislation
that would relax restrictions on large parts of the banking industry, representing the most significant changes to the rules that were put in place after the 2008 financial crisis.
Representative Jeb Hensarling of Texas, the Republican chairman of the House Financial Services Committee, suggested this month
that he did not expect his colleagues to just rubber-stamp the legislation that passed the Senate and that there would be changes to a final bill.
“If the House overreaches in its effort to amend the Crapo bill, it could slow down the bill’s progress,” said Brian Gardner, an analyst at the
financial services firm Keefe, Bruyette & Woods, referring to Senator Mike Crapo, the Republican of Idaho who is a sponsor of the measure
By ALAN RAPPEPORTMARCH 14, 2018
A decade after the federal government rescued the first of many faltering financial firms, the Senate voted on Wednesday to pass legislation
that would relax restrictions on large parts of the banking industry, representing the most significant changes to the rules that were put in place after the 2008 financial crisis.
Representative Jeb Hensarling of Texas, the Republican chairman of the House Financial Services Committee, suggested this month
that he did not expect his colleagues to just rubber-stamp the legislation that passed the Senate and that there would be changes to a final bill.
“If the House overreaches in its effort to amend the Crapo bill, it could slow down the bill’s progress,” said Brian Gardner, an analyst at the
financial services firm Keefe, Bruyette & Woods, referring to Senator Mike Crapo, the Republican of Idaho who is a sponsor of the measure