House votes to ease regulation of banks, sending bill to Trump

[roadmaster]

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 Donald John TrumpWH aides intentionally compose Trump tweets with grammatical mistakes: reportHolder: DOJ, FBI should reject Trump's requestsEx-Trump campaign adviser rips claims of spy in campaign: It's 'embarrassing'MORE, 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 Hensarlinghomas (Jeb) Jeb HensarlingFreedom Caucus bruised but unbowed in GOP primary fightsFive races to watch in the Texas runoffsTrump signs repeal of auto-loan policy that targeted racial biasMORE (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/38...-bill-to-trump

[Peter1469]

This is a good idea- it was not the local / community banks that caused the financial crisis. These regulations were strangling them.