House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.

The federal banking agencies today released a 440-page report to Congress that highlights some of the significant regulatory burdens facing America’s banking industry.

The House voted by a bipartisan 247-171 margin to pass an ABA-advocated bill expanding the regulatory relief offered under the Federal Reserve’s small bank holding company policy statement.

The House Financial Services Committee today voted by a strong 46-9 margin to advance the bipartisan Data Security Act (H.R. 2205), which would establish a national data security and breach notification standard for financial institutions and retailers.

ABA sent letters to the House yesterday expressing its support for two bills the House Financial Services Committee is expected to vote on today.

The Federal Reserve yesterday adopted a final rule that expands the regulatory relief provided by its small bank holding company policy statement.