Center for American Progress

Scrapping $50B Threshold Will Let 30 Big Banks off the Hook
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Scrapping $50B Threshold Will Let 30 Big Banks off the Hook

Author Gregg Gelzinis explains the bipartisan bill targeting the Dodd-Frank Act would free 30 of the 38 largest U.S. banks from needed regulation.

The House of Representatives is slated to vote on a bipartisan bill this week which would effectively deregulate 30 of the 38 largest banks in the country.

The bill, the Systemic Risk Designation Improvement Act, targets Section 165 of the Dodd-Frank Act, which requires regulators to subject bank holding companies with over $50 billion in assets to enhanced prudential regulations.

The above excerpt was originally published in American Banker. Click here to view the full article.

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Gregg Gelzinis

Associate Director