LATEST SENATOR DONNELLY
Washington, D.C. – U.S. Senator Joe Donnelly spoke on the Senate floor today about the bipartisan regulatory relief package that is being debated in the Senate this week. The bipartisan Economic Growth, Regulatory Relief, and Consumer Protection Act, which Donnelly negotiated, co-wrote, and introduced in November with several colleagues, passed the Banking Committee in December. It would reduce regulatory burdens on community banks and credit unions — including for the 103 community banks and 154 credit unions in Indiana — as well as provide new protections to consumers.
The bill maintains the key elements of Dodd-Frank to ensure the safety and soundness of our financial system. It has 26 cosponsors – 13 Republicans, 12 Democrats, and an Independent – highlighting the strong bipartisan support of this targeted and carefully crafted legislation.