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Senate Panel Passes Spending Bill with Reg Relief Attached

Posted on 7/24/2015

The Senate Appropriations Committee yesterday passed a spending bill that includes the text of the ABA-backed financial reform bill introduced earlier this year by Sen. Richard Shelby (R-AL). The bill was passed by a 16-14 party-line vote. Shelby's proposal would provide regulatory relief for community, mid-size and regional banks, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.

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