Washington Post

Senate is moving to ease major banking regulations. This is how they will do it.

Sen. Mike Crapo, R-Idaho, and chairman of the Senate Banking Committee, listens during 2017 hearing in Washington. Foto: Bloomberg photo by Andrew Harrer

WASHINGTON - The Senate is slated to pass sweeping legislation this week to roll back key components of financial regulations put in place after the global financial crisis.

The passage of the legislation would be the most significant step taken by the Senate to help fulfill President Trump's promise to loosen financial-industry regulations that the White House has said are holding back the economy. The bill, which has garnered bipartisan support, takes aim at 2010s Dodd-Frank Act and would free dozens of financial institutions from the strictest rules put in place by regulators after the financial crisis...

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