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Topline
Democratic lawmakers, including Sen. Elizabeth Warren (Mass.) and Rep. Katie Porter (Calif.), released legislation Tuesday to repeal a set of Trump-era policies that loosened regulations on small and medium-sized banks, NBC News reported, following the collapse of three regional banks in less than a week—though the push for stricter rules faces long odds in a GOP-controlled House.
Key Facts
The legislation, which was obtained by NBC, would repeal a 2018 policy signed by former President Donald Trump that loosened some financial regulations that had been imposed under the 2010 Dodd-Frank Act—which itself was passed after the Great Recession.
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