By a vote of 258-159, the House passed the "Economic Growth, Regulatory Relief, and Consumer Protection Act." The bill would ease certain banking regulations implemented following the financial crisis of 2008.
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By a vote of 67-31, the Senate passed the "Economic Growth, Regulatory Relief, and Consumer Protection Act." The bill would make changes to banking regulations implemented following the financial crisis of 2008.
Federal Reserve Board Governor Jerome Powell, Acting Comptroller of the Currency Keith A. Noreika, and FDIC Chair Martin Gruenberg testified at a hearing on "Regulation and Economic Growth" held by the Senate Committee on Banking, Housing, and Urban Affairs.
The House of Representatives passed legislation to replace the Dodd-Frank Act mandate that bank holding companies with over $50 billion in assets are automatically subject to enhanced supervision.
The House Science, Space and Technology Committee released an interim staff report on FDIC cybersecurity including the preliminary results of an investigation into numerous FDIC data breaches.