Breaking news! The House and Senate have reached an agreement to advance legislation to ease some Dodd-Frank bank rules, House Speaker Paul Ryan, R-Wis., said today.
Previously, the bipartisan Senate-passed bill had been held up as House Financial Services Chairman Jeb Hensarling, R-Texas, demanded that more provisions be added to it. Now he will seek to pass those measures via different vehicles, Ryan said.
“We will be moving the Dodd-Frank bill,” Ryan said in a press briefing at the Capitol. “We’re also gonna be moving, in the Senate, a package of bills that we think will actually add to this that Financial Services has passed as well.”
WBA has thanked Ryan's office for his leadership and dedication to achieving meaningful regulatory relief for the banking industry.
Read more from the Washington Examiner.