Sen. Brown Signals Movement on Regulatory Relief Bill

Senate Banking Committee Ranking Member Sherrod Brown (D-Ohio) said today that he expects to reach a compromise with Chairman Mike Crapo (R-Idaho) on financial regulatory reform in the “next two or three” weeks. “Crapo and I are working on a compromise and we’re going to have something we hope pretty soon,” he told Politico.

He noted that the $50 billion Dodd-Frank asset threshold for systemically important status is “the one [issue] people have talked about the most,” adding that “we are talking about that but “I don’t know that we have a solution yet.”