Senate Banking Committee Votes for the Financial Regulatory Improvement Act of 2015

The Senate Banking Committee on Banking, Housing and Urban Affairs voted in favor of the Financial Regulatory Improvement Act of 2015. The vote of 12 to 10 was split along partisan lines.

The Act would implement a wide variety of financial regulatory reforms, and promote greater Congressional oversight of the Board of Governors of the Federal Reserve System.

See: Senator Shelby's (R-LA) Statement; Senator Corker's (R-TN) Statement.Related news: Senator Richard Shelby Releases Draft of Financial Regulatory Reform Bill (with Lofchie Comment) (May 12, 2015).