Crapo Bill Helps Smaller Banks, Highlights Problems With Bank Holding Companies

Norbert Michel
March 13, 2018

The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) is heading toward Senate passage, possibly as early as this week. The bill will surely make many small bankers happy, but it’s a stretch to say it would undo Dodd-Frank.

That’s what makes headlines like these so ludicrous:

Republicans are about to deregulate the banks – with Democratic support
Elizabeth Warren: Bill to Deregulate Big Banks Bad News

The Senate bill does not deregulate a single bank. For the most part, it provides targeted exemptions from a few regulations for smaller banks, all of which will remain (heavily) regulated.

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