The Senate Banking Committee considered testimony on the "serious concern" caused by an International Association of Insurance Supervisors' consultative document on global insurance regulations and supervisory forums.
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The U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit considered testimony on international developments that could affect the U.S. derivatives markets.
Senate Committee on Banking, Housing and Urban Affairs member Mike Rounds introduced six bills intended to reduce regulatory burdens for investors and small businesses.
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.