Banking on bipartisanship to strengthen economic growth
By Rob Nichols
March 5, 2018
This week, the Senate could do something we haven’t seen in the nation’s capital in a long time. The Senate will have the chance to show that bipartisanship is alive and well, and that Congress can get things done for the American people when lawmakers of good faith work together for the common good. It just may be a road map for the future.
What could possibly convince 13 Republicans, 12 Democrats and one Independent to break from the politics of partisanship? The answer could surprise you. They all agree the time is right to make our financial rules work better, so banks and credit unions can fully serve the American people and grow the U.S. economy.
The 26 senators are all cosponsors of S. 2155, a financial regulatory reform bill that will refine the post-crisis regulatory response. The bill is the byproduct of years of hearings, input from hundreds of stakeholders and careful negotiations between senators of different parties who refused to let a serious problem go unresolved.