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Legal Update

Congress Passes Regulatory Reform for Financial Institutions

22 May 2018
Mayer Brown Legal Update
On May 22, 2018, the US Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155), the most significant piece of legislation for financial institutions since the enactment of the Dodd-Frank Act in 2010. Sponsored by Senator Mike Crapo, the bill is expected to be signed by President Trump within the next few days as part of his administration’s continuing effort to reduce the regulatory burdens on financial institutions that have accumulated under the Dodd-Frank Act. In this Legal Update, we provide a section-by-section summary of the nearly 200-page Crapo Act.

Authors

  • Holly Spencer Bunting
    T +1 202 263 3380
  • Thomas J. Delaney
    T +1 202 263 3216
  • Steven M. Kaplan
    T +1 202 263 3005
  • Adam D. Kanter
    T +1 202 263 3164
  • Kristie D. Kully
    T +1 202 263 3288
  • John R. Mirvish
    Legal Professional / Consultant, Senior Financial Analyst and Government Affairs Advisor
    T +1 202 263 3406
  • Laurence E. Platt
    T +1 202 263 3407
  • Stephanie C. Robinson
    T +1 202 263 3353
  • David R. Sahr
    T +1 202 263 3332
  • Jeffrey P. Taft
    T +1 202 263 3293
  • Donald S. Waack
    T +1 202 263 3165
  • Matthew Bisanz
    T +1 202 263 3434
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