In a landmark moment for post-crisis banking policy, the House today passed S. 2155, the Senate’s bipartisan regulatory reform bill.
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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.”
Opponents of S. 2155 are spreading “misinformation” about what S. 2155 — the bipartisan regulatory reform bill set for a vote tomorrow — does to the Home Mortgage Disclosure Act, a California banker wrote in a Sacramento Bee op-ed today.
For Jim Edwards, a third-generation banker and the chairman and CEO of United Bank Corp. in Zebulon, Ga., community banking is about providing a “high-touch” experience.
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.
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.
Congress will pass a bank regulatory reform bill this year, Rep. Patrick McHenry (R-N.C.) said today at ABA’s Government Relations Summit.
As bankers prepared to head to Capitol Hill for meetings with lawmakers this morning, Sen. Mark Warner (D-Va.), one of the Democratic co-sponsors of S. 2155, charged them to urge the House to pass the regulatory reform measure immediately in its original form, warning that “this bill will not pass if it comes back to the Senate.”
In Q&A during ABA’s Emerging Leaders Forum today, Rep. Josh Gottheimer (D-N.J.) expressed his support for S. 2155 — the bipartisan Senate regulatory reform bill currently awaiting action in the House — calling it “a very sensible piece of legislation.”