LATEST SENATOR DONNELLY
Donnelly Announces Bipartisan Regulatory Relief Package to Promote Economic Growth and Protect Consumers
Washington, D.C. – U.S. Senator Joe Donnelly, member of the Senate Banking Committee, announced today that he and Senate Banking Committee Chairman Mike Crapo, along with several Senate colleagues, have crafted and reached a bipartisan agreement to reduce regulatory burdens on community banks and credit unions as well as provide new protections to consumers. Donnelly, Crapo, and three other members of the Banking Committee have engaged in bipartisan discussions over the past two weeks and previously produced a framework for a deal in 2015.
Donnelly, a member of the Senate Banking Committee, said, “This bipartisan regulatory relief package is an example of what we can achieve when we work together, and the result of good-faith negotiations with Chairman Crapo, Senators Tester, Warner, and Heitkamp. The proposal would provide long-awaited regulatory relief to community banks and credit unions unintentionally burdened by rules intended to hold Wall Street accountable. This agreement would maintain the safety of our financial system and offer new protections to consumers, including veterans, by helping to protect their credit in the wake of recent data breaches, like the Equifax breach."
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