The leading Democrats on both the Senate Banking Committee and the House Financial Services Committee are pushing a new bill designed to provide regulatory relief to community banks and increase consumer protections.
The bill, entitled the “Community Lender Regulatory Relief and Consumer Protection Act of 2015,” carries the unanimous support of Democratic members of both committees.
The bill was announced Wednesday by the ranking members on both committees, Sen. Sherrod Brown, D-OH, and Rep. Maxine Waters, D-CA. Brown and Waters were joined by Sen. Heidi Heitkamp, D-ND, and Rep. John Carney, D-DE, in making the announcement.
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