It's one of the most contentions topics in the US
financial regulation sector at the moment: the Senate's
financial deregulation bill, which is set to unpick parts of
the Dodd-Frank Act. When the Act was passed in 2010, it was
hailed as the band aid with would help the financial sector
heal and get its strength back.
Supporters of the reform, including its sponsor, senator
Mike Crapo, said it will alleviate the regulatory and capital
burden the smaller banks have been subject to for the past
eight years, and make them more flexible and reactive.