March 15, 2018

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Bipartisan Crapo Regulatory Modernization Bill Will Boost Economic Growth

This strong bipartisan bill shows Republicans and Democrats can come together to modernize financial regulations in a way that boosts economic growth and jobs while maintaining needed consumer protections.

Bipartisan Crapo Regulatory Modernization Bill Will Boost Economic Growth
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Sen. Mike Crapo, R-Idaho, at a Senate Banking Committee confirmation hearing in Washington on Nov. 28, 2017. Aaron P. Bernstein/Bloomberg


Bipartisan Crapo Regulatory Modernization Bill Will Boost Economic Growth

Senate passage highlights bipartisan work to modernize financial regulations​

 

WASHINGTON – Following Senate passage of Senator Mike Crapo’s (R-ID) bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), the Financial Services Roundtable (FSR) called it a major first step to boost economic growth and help expand opportunity for more Americans.

“This strong bipartisan bill shows Republicans and Democrats can come together to modernize financial regulations in a way that boosts economic growth and jobs while maintaining needed consumer protections,” said FSR’s Head of Government Affairs, Anthony Cimino. “Congress should continue its bipartisan work to optimize economic growth by further tailoring the regulatory system for financial institutions of all sizes.”

The Economic Growth, Regulatory Relief and Consumer Protection Act passed the Senate by a vote of 67-31.

 

 

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About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

Follow @FSR