Scrapping $50B threshold will let 30 big banks off the hook

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.

This article was originally published in American Banker.