Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced an ABA-supported bill that would update several elements of the Bank Secrecy Act and other anti-money laundering laws and regulations.

The Federal Reserve Board today unanimously voted to propose a long-awaited set of changes to the Volcker Rule that is expected to simplify the rule’s compliance burdens and better target the rule’s effects toward intended activities.

President Trump today signed S. 2155 -- which was passed earlier this week by a bipartisan majority in the House -- into law.

In a landmark moment for post-crisis banking policy, the House today passed S. 2155, the Senate’s bipartisan regulatory reform bill.

Ahead of the House vote today that will determine the fate of S. 2155 -- the bipartisan Senate regulatory reform package -- ABA President and CEO Rob Nichols said that the bill “is a huge, important step forward -- we hope the first of additional steps -- to modernize and appropriately tailor the supervisory framework.”

The House will vote on S. 2155, the bipartisan financial regulatory reform bill advanced by the Senate in March, while the Senate will take up a set of bills passed by the House Financial Services Committee, according to an agreement announced by House Speaker Paul Ryan (R-Wis.) today.

House Majority Leader Kevin McCarthy (R-Calif.) said today that he expects the House to pass S. 2155, the bipartisan financial regulatory reform bill, sometime in May.

At the end of a whirlwind week in Washington, James Ballentine -- head of congressional relations at ABA -- recaps the action at the ABA Government Relations Summit.

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today signaled that he may drop efforts to amend S. 2155, the bipartisan regulatory reform bill passed by the Senate last month.

As part of the Government Relations Summit this week, ABA has released a host of new resources to help bankers communicate with their customers and lawmakers about the real-world impact of the industry.