American Banker, March 15, 2018: Think reg relief was hard to pass in Senate? Wait for House
One day after the upper chamber passed a regulatory relief package, top House Republicans insisted that they plan to be involved crafting a final banking bill before it heads to the White House. That raises fresh questions about how quickly the most likely set of reforms since the Dodd-Frank Act can become a reality.
“I’ve talked to colleagues both on the [House Financial Services] committee and off the committee who look at this and say, why in the world is this viewed as a ceiling, not a floor?” said Rep. Bill Huizenga, R-Mich.
Any changes that expand the regulatory relief bill could pose new complications if it forces moderate Democrats in the Senate, who have already faced criticism for supporting Mike Crapo, R-Idaho from within their own caucus, to sour on the deal.
Most analysts still believe the odds favor the bill becoming law, but they warn that the process in the House could slow things down, delaying enactment.