About the bill
Even some Democrats believe that the 2010 law passed in response to the Great Recession went too far and may have inadvertently punished smaller loaning and lending institutions.
The Economic Growth, Regulatory Relief, and Consumer Protection Actwould pare some of those rules back — and many red state and rural Democrats are on board.
Context
After the financial crash and Great Recession of 2008–09, a Democratically-controlled Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The bill tightened regulations on the financial institutions which most Democrats believed were primarily responsible for the crash.
The vote was largely party line: 98 percent of Senate Democrats in favor, 92 percent of Senate Republicans against.
However, most Republicans continue to — and even some red-state or …
Sponsor and status
115th Congress (2017–2019)
Enacted — Signed by the President on May 24, 2018
This bill was enacted after being signed by the President on May 24, 2018.
26 Cosponsors (13 Republicans, 12 Democrats, 1 Independent)
Incorporated legislation
This bill incorporates provisions from:
H.R. 4258: Family Self-Sufficiency Act
Passed House (Senate next) on Jan. 17, 2018. 99% incorporated. (compare text)
H.R. 3758: Senior Safe Act of 2017
Ordered Reported on Oct. 12, 2017. 94% incorporated. (compare text)
H.R. 5192: Protecting Children from Identity Theft Act
Passed House (Senate next) on April 17, 2018. 90% incorporated. (compare text)
S. 2304: Protecting Veterans from Predatory Lending Act of 2018
Introduced on Jan. 11, 2018. 96% incorporated. (compare text)
S. 1685: Credit Score Competition Act of 2017
Introduced on Aug. 1, 2017. 72% incorporated. (compare text)
S. 2498: Protecting Children From Identity Theft Act
Introduced on March 5, 2018. 94% incorporated. (compare text)
H.R. 2683: Protecting Veterans Credit Act of 2018
Ordered Reported on March 21, 2018. 79% incorporated. (compare text)
H.R. 2948: To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.
Ordered Reported on Dec. 13, 2017. 84% incorporated. (compare text)
H.R. 2148: Clarifying Commercial Real Estate Loans
Passed House (Senate next) on Nov. 7, 2017. 92% incorporated. (compare text)
S. 2405: Clarifying Commercial Real Estate Loans
Introduced on Feb. 8, 2018. 92% incorporated. (compare text)
H.R. 1457: MOBILE Act of 2017
Passed House (Senate next) on Jan. 29, 2018. 85% incorporated. (compare text)
S. 1500: Keeping Capital Local for Underserved Communities Act of 2017
Introduced on June 29, 2017. 95% incorporated. (compare text)
H.R. 2403: Keeping Capital Local for Underserved Communities Act of 2017
Introduced on May 8, 2017. 86% incorporated. (compare text)
H.R. 1426: Federal Savings Association Charter Flexibility Act of 2017
Passed House (Senate next) on Jan. 29, 2018. 87% incorporated. (compare text)
S. 567: Federal Savings Association Charter Flexibility Act of 2017
Introduced on March 8, 2017. 88% incorporated. (compare text)
S. 744: Protecting Veterans Credit Act of 2017
Introduced on March 28, 2017. 83% incorporated. (compare text)
H.R. 4279: Expanding Investment Opportunities Act
Passed House (Senate next) on Jan. 17, 2018. 90% incorporated. (compare text)
S. 828: A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.
Introduced on April 5, 2017. 99% incorporated. (compare text)
H.R. 1257: Securities and Exchange Commission Overpayment Credit Act
Ordered Reported on March 9, 2017. 99% incorporated. (compare text)
S. 462: Securities and Exchange Commission Overpayment Credit Act
Passed Senate (House next) on Sept. 11, 2017. 99% incorporated. (compare text)
H.R. 5277: Financial Literacy College Education Act
Introduced on March 14, 2018. 89% incorporated. (compare text)
H.R. 3093: Investor Clarity and Bank Parity Act
Passed House (Senate next) on Dec. 11, 2017. 97% incorporated. (compare text)
H.R. 1366: U.S. Territories Investor Protection Act of 2017
Passed House (Senate next) on May 1, 2017. 88% incorporated. (compare text)
H.R. 5659: Volcker Rule Relief Act of 2018
Introduced on April 27, 2018. 95% incorporated. (compare text)
S. 484: U.S. Territories Investor Protection Act of 2017
Passed Senate (House next) on Sept. 11, 2017. 99% incorporated. (compare text)
History
| Date | Action | |
|---|---|---|
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May 1, 2017
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Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 1366 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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Sept. 11, 2017
|
Source Bill —
Passed Senate (House next)
This activity took place on a related bill, S. 462 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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Sept. 11, 2017
|
Source Bill —
Passed Senate (House next)
This activity took place on a related bill, S. 484 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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Nov. 7, 2017
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Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 2148 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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Nov. 16, 2017
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Dec. 5, 2017
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Dec. 11, 2017
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 3093 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
|
|
Jan. 17, 2018
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 4258 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
|
|
Jan. 17, 2018
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 4279 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
|
|
Jan. 29, 2018
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 1426 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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Jan. 29, 2018
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 2255 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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Jan. 29, 2018
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 1457 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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March 14, 2018
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Passed Senate (House next)
The bill was passed in a vote in the Senate. It goes to the House next. |
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April 17, 2018
|
Source Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 5192 (115th), possibly in lieu of similar activity on S. 2155 (115th). |
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May 22, 2018
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Passed House
The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. |
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May 24, 2018
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Enacted — Signed by the President
The President signed the bill and it became law.
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S. 2155 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 2155. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan. 3, 2017 to Jan. 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
