Senate passes deregulation bill scaling back Dodd-Frank

- Maret 14, 2018

The Senate today passed a wide-ranging bank deregulation bill that would scale back key parts of the 2010 Dodd-Frank law.

The Senate voted 67-31 to pass the bill, which had been up for debate on the Senate floor for more than a week. Sixteen Democrats joined with Republicans to pass the legislation.

The bill was the product of years of talks among Senate Banking Chairman Mike Crapo (R-Idaho) and a core group of moderate Democrats: Heidi Heitkamp (D-N.D.), Jon Tester (D-Mont.), Jon Tester(D-Ind.) and Mark Warner (D-Va.).

House Financial Services Chairman Jeb Hensarling (R-Texas) has pledged to put the House's stamp on the bill, clouding the outlook for when it will become law and in what form.


 

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