Banking Committee to Mark Up the “Economic Growth, Regulatory Relief and Consumer Protection Act” on December 5
WASHINGTON – Today, U.S. Senators released the text of the Economic Growth, Regulatory Relief and Consumer Protection Act. The bipartisan legislation right-sizes regulation for smaller financial institutions and includes important consumer protections for veterans, senior citizens and victims of fraud. Importantly, it will improve our nation’s financial regulatory framework for Main Street banks, encouraging economic growth in local communities.
Republican Co-Sponsors: Mike Crapo (R-Idaho), Bob Corker (R-Tennessee), Tim Scott (R-South Carolina), Tom Cotton (R-Arkansas), Mike Rounds (R-South Dakota), David Perdue (R-Georgia), Thom Tillis (R-North Carolina), John Kennedy (R-Louisiana), Jerry Moran (R-Kansas) and Jim Risch (R-Idaho).
Democrat Co-Sponsors: Joe Donnelly (D-Indiana), Heidi Heitkamp (D-North Dakota), Jon Tester (D-Montana), Mark Warner (D-Virginia), Tim Kaine (D-Virginia), Angus King (I-Maine), Joe Manchin (D-West Virginia), Claire McCaskill (D-Missouri), Gary Peters (D-Michigan) and Michael Bennet (D-Colorado).
Access the bill text here.
A section-by-section can be accessed here.
Read the original announcement on the agreement here.
A markup of the legislation will be scheduled for a later date.
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