The U.S. Senate approves the Economic Growth, Regulatory Relief and Consumer Protection Act that would repeal or modify certain provisions of the Dodd-Frank Act

On March 14, 2018, the U.S. Senate approved the Economic Growth, Regulatory Relief and Consumer Protection Act, a bipartisan bill that would repeal or modify certain provisions of the Dodd-Frank Act and eliminate or ease a number of regulatory burdens on superregional, regional and large community banks. Under the act, which was adopted in 2010, bank holding companies (BHCs) with more than $50 billion in total consolidated assets were deemed systemically important financial institutions (SIFIs) and were made subject to stricter oversight and more burdensome regulatory requirements, including the Federal Reserve Board’s enhanced prudential standards. The Senate’s proposed legislation, which would have to be approved by the House of Representatives before being signed into law by

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David C. Ingles , Sven G. Mickisch, The U.S. Senate approves the Economic Growth, Regulatory Relief and Consumer Protection Act that would repeal or modify certain provisions of the Dodd-Frank Act, 14 March 2018, e-Competitions Bulletin March 2018, Art. N° 87158

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