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Federal Relations: Donnelly-Led Banking Reform Package Nearing Crucial Vote in Senate

2018-03-09T11:18:32+00:00 March 9th, 2018|

The bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act is now expected to have a final vote in the U.S. Senate next week. Indiana Sen. Joe Donnelly has been instrumental in getting the measure to this point – introducing it along with several colleagues, crafting provisions and working to garner support.

The legislative package has received positive comments from respected experts such as former Federal Reserve Chair Janet Yellen, new Federal Reserve Chairman Jerome Powell and former Federal Reserve Chair Paul Volcker, among others.

The Indiana Chamber is pleased to see Sen. Donnelly help lead the way to remove excessive regulations for banks and credit unions, as well as make access to funds easier for Hoosiers looking to buy a home or small businesses needing that infusion of capital.

We believe this bill is an important first step in reducing the unnecessary and unintended burdens put on the banking sector by the Dodd-Frank legislation and have been strongly advocating for its passage within the entire Indiana delegation.

Resource: Caryl Auslander at (317) 264-6880 or email: causlander@indianachamber.com