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View Full Version : House votes to ease regulation of banks, sending bill to Trump



roadmaster
05-22-2018, 05:05 PM
The House on Tuesday passed a bill to loosen federal regulations on the banking sector, securing an election-year legislative accomplishment that is likely to be touted by members of both parties.
The 258-159 House vote sends the bill to President Trump (http://thehill.com/people/donald-trump) Donald John Trump (http://thehill.com/people/donald-trump)WH aides intentionally compose Trump tweets with grammatical mistakes: report (http://thehill.com/homenews/administration/388721-wh-aides-intentionally-compose-trump-tweets-with-grammatical-mistakes)Holder: DOJ, FBI should reject Trump's requests (http://thehill.com/blogs/blog-briefing-room/388718-holder-doj-fbi-should-reject-trumps-request-for-investigation-into)Ex-Trump campaign adviser rips claims of spy in campaign: It's 'embarrassing' (http://thehill.com/blogs/blog-briefing-room/news/388716-ex-trump-campaign-adviser-rips-claims-of-spy-in-campaign-its)MORE (http://thehill.com/people/donald-trump), who has pledged to sign it.
The bill was opposed by only one Republican, while 158 Democrats voted against it.
“We’ve been losing a community bank or credit union every other day in America, and with it the hopes and dreams of millions,” Rep. Jeb Hensarling (http://origin-nyi.thehill.com/people/jeb-hensarling)homas (Jeb) Jeb Hensarling (http://origin-nyi.thehill.com/people/jeb-hensarling)Freedom Caucus bruised but unbowed in GOP primary fights (http://thehill.com/homenews/house/388683-freedom-caucus-bruised-but-unbowed-in-gop-primary-fights)Five races to watch in the Texas runoffs (http://thehill.com/homenews/campaign/388701-five-races-to-watch-in-the-texas-runoffs)Trump signs repeal of auto-loan policy that targeted racial bias (http://thehill.com/policy/finance/388636-trump-signs-repeal-of-auto-loan-policy-targeting-racial-bias)MORE (http://origin-nyi.thehill.com/people/jeb-hensarling) (R-Texas), the chairman of the House Financial Services Committee, said. “But today, that changes. Help is on the way.”

http://thehill.com/policy/finance/388839-house-votes-to-ease-regulation-of-banks-sending-bill-to-trump

Peter1469
05-22-2018, 06:31 PM
This is a good idea- it was not the local / community banks that caused the financial crisis. These regulations were strangling them.