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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.

To read more visit: http://www.appropriations.senate.gov/news/senate-committee-agrees-fy2016-financial-services-appropriations-bill



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