Sweeping Financial Reform Bill
The 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.