House Republicans pleased with Senate reg bill, but warn they want more
The House ramps up efforts to take on regulatory reform now that the Senate has passed its version.
House Republicans are praising the Senate for passage of its regulatory overhaul bill but are making it clear that it does not go far enough.
The Senate bill contains a bipartisan package of much needed reforms, said House Financial Services Chairman Jeb Hensarling (R-Texas.).
“I look forward to combining them with our helpful House bipartisan banking bills and getting that combined bill to the President’s desk,” he added.
The Senate Wednesday night passed its regulatory overhaul bill. The bill includes a variety of changes to the financial regulatory regime and is supported by credit union trade groups.
The legislation contains a credit union-specific provision that provides that a one-to-four family dwelling that is not the primary residence of a member will not be considered a business loan under the Credit Union Act.
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