Taking the bill all in all, it should be enacted. But it should by no means be the end of regulatory reform. The House has a lot of ideas for additional steps, many with bipartisan support.
St. Louis Business Journal April 26, 2018 Illinois credit unions and small banks help our local communities grow and thrive. The ability of these local financial institutions to help their communities is being challenged by regulatory restrictions.
The point of the Senate-passed bipartisan banking bill would be to boost economic growth. It’s right there in the name of the bill: The Economic Growth, Regulatory Relief, and Consumer Protection Act.
While political gridlock exists in Washington on most issues, there’s one topic both sides of the aisle have come to agree on: The Dodd-Frank Act has hurt small financial institutions.
Over the past year, Congress and President Trump have taken a hard line on repealing burdensome regulations across all sectors in order to give long-overdue relief to hard-working Americans and put the economy back on track after nearly a decade of malaise.