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Economic Growth, Regulatory Relief, and Consumer Protection Act

115th Congress

The Senate Banking Chair, Mike Crapo (R-Idaho) has released the text of "Economic Growth" legislation. The bill would weaken critical Dodd-Frank fiancial protections, including the Volcker rule. The bill also would exempt 5,400 banks (85%) and 497 non-banks (48%) from having to provide better information to the public about their lending practices, according to the National Community Reivestment Coalition.