By Jeff Bater
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) isn’t ready to commit to a scaled back Dodd-Frank relief bill after the Senate Banking Committee advanced a bipartisan measure that eases regulatory burdens for small and mid-sized lenders.
“It’s been a while since we’ve seen progress on these issues out of the Senate, so I salute Sen. Crapo on his work, and I’m anxious to see what he can get passed on the Senate floor,” Hensarling told Bloomberg Law.
Hensarling was referring to legislation (S. 2155) sponsored by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and supported by nearly a dozen Senate Democrats. The bill would free a number of regional banks from systemic risk designations, which trigger increased oversight and regulation, and would cut compliance costs for community banks.
Crapo’s bill was advanced Dec. 5 by the Senate committee. In June, the House passed a much broader overhaul (H.R. 10) of the Dodd-Frank Act sponsored by Hensarling. But the House bill only has Republican support.
Earlier today, in a speech at a conference on the future of the U.S. housing market, Hensarling said he would work on a bipartisan basis to come up with a housing finance reform package provided it included certain key principles.
To contact the reporter on this story: Jeff Bater in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Michael Ferullo at email@example.com
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)