S. 2155 passed the House on a bipartisan vote of 258-159.
S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, is the first major banking bill to gain substantial bipartisan support in a decade. It's currently on its way to President Donald Trump's desk.
WBA would like to thank the following Wisconsin Delegation members for voting in support of this critical legislation.
- Congressman Sean Duffy (R)
- Congressman Glenn Grothman (R)
- Congressman Mike Gallagher (R)
- Congressman Ron Kind (D)
- Congressman Jim Sensenbrenner (R)
Why is this important?
This bill recalibrates financial regulations so banks can get back to the basics: lending to customers and communities and be helping the economy grow. In short, it offers targeted, commonsense fixes to ill-fitting financial regulations that have limited the ability of banks to serve their customers.
S. 2155 provides significant relief to banks across the nation and sends an important bipartisan message to bank regulators who are already taking steps to streamline regulations.
This is the culmination of a lengthy, deliberative process during which WBA provided critical input, along with more than 100 stakeholders, including community groups, think tanks, organized labor, small business interests, and financial services providers of all charters and sizes.
Thank you to all the bankers who took time to contact their Congressperson in support of S. 2155. And, thank you to the bankers who traveled to Washington D.C. with WBA to speak directly to lawmakers on this issue.
Regulatory relief is now a very real possibility thanks to WBA members like you!