On March 14, 2018, the U.S. Senate passed S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.” If enacted into law, S. 2155 would provide modest regulatory relief to regional and community banks, among other things. The bill passed the Senate with bipartisan support through a vote of 67 to 31, with 17 Democrats supporting the measure.

S. 2155 will now be considered by the U.S. House of Representatives. In 2017, the House passed its own financial regulatory reform measure, H.R. 10, the “Financial CHOICE Act of 2017,” but that bill is not expected to become law or to be incorporated into the Senate bill. In addition to H.R. 10, the House has separately passed several smaller standalone measures with bipartisan support.