Republican members of the U.S. Senate Banking Committee released a discussion draft of proposed legislation "to help accelerate economic growth and spur new business formation."
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The U.S. House Financial Services Committee considered proposed public market reforms, including legislation to enhance investor protections relating to special purpose acquisition companies.
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.
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.
SEC Chair Jay Clayton testified before the U.S. House Financial Services Committee, providing an update on the EDGAR system cyber-security breach.