Regulatory Reform Effort Heads to House of Representatives

Following last night’s strong bipartisan vote to pass S. 2155, the American Bankers Association-advocated regulatory reform bill, eyes turned to the House of Representatives. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) told news outlets that he wished to pursue a conference committee with the Senate, with a goal of adding up to 30 bipartisan bills championed by his committee members and passed by the full House in this Congress. However, it was unclear how open the bipartisan coalition that negotiated the Senate bill would be to additional amendments through a conference process. The White House has indicated that President Trump will sign the bill when it reaches his desk.

“Chairman Hensarling is a major reason we are so close to advancing financial regulatory reform, and we are deeply appreciative to him and his committee members for their efforts,” ABA spokesman Jeff Sigmund said in a comment for media outlets today, noting that many of the provisions in S. 2155 were already passed by the House. “House and Senate leaders will determine the best path forward. Our singular goal is to get financial regulatory reform across the finish line, and we will work with everyone we can to make that happen.”