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Sweeping Financial Reform Bill

220px-Richard Shelby official portrait 112th CongressThe Senate Banking Committee’s section-by-section summary and bill text of Chairman Richard Shelby’s “Financial Regulatory Improvement Act of 2015” proposal are availabel for review.  The proposal, which has not been officially introduced, is a comprehensive regulatory relief package containing eight titles.

The Senate Banking Committee is tentatively scheduled to consider the bill on May 21, a date that could shift as discussions continue on Capitol Hill. Committee Ranking Member Sherrod Brown (D-Ohio) called the proposal an “industry wish list,” insisting instead on a smaller, more targeted package.