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Both community banks and big banks stand to benefit from the bipartisan changes currently in the works. The legislation promises to ease Dodd-Frank rules for both types of banks.
Senate Banking Committee Chairman Mike Crapo, R-Idaho, announced the legislation to significant fanfare last month, in part because eight Democrats had signed on as co-sponsors. Those eight were necessary for the bill to meet the 60 votes needed to clear a potential filibuster. "The bipartisan proposals on which we have agreed will significantly improve our financial regulatory framework and foster economic growth by right-sizing regulation, particularly for smaller financial institutions and community banks," Crapo said in a statement at the time. Targeted Bill Could Bring First Broad Changes To Dodd-Frank, Law360, December 4, 2017