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Economy

Would the Senate banking bill boost economic growth?

By Joseph Lawler
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Would the Senate banking bill boost economic growth?

The point of the Senate-passed bipartisan banking bill would be to boost economic growth. It’s right there in the name of the bill: The Economic Growth, Regulatory Relief, and Consumer Protection Act.

The Trump administration has long said that relief from the post-financial crisis Dodd-Frank rules and other bank regulations would be a key part of its plan to drive the economic growth rate above 3 percent.

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Congress Dodd-Frank Act Finance Mike Crapo Regulations Senate Banking Committee