Economic Growth, Regulatory Relief and Consumer Protection Act

Mar. 14, 2018 | S. 2155

This misnamed bill puts consumers and our economy at greater risk by weakening important financial regulations put in place after the 2008 crisis to protect Americans from predatory lending and promote financial stability. It undermine the current safety and soundness requirements that apply to mid-size banks and gives even the largest Wall Street megabanks new statutory tools for pressuring the Federal Reserve to weaken regulations designed to make banks more accountable. It weakens protections against predatory, unaffordable mortgage lending practices and broadens exemptions from the mortgage affordability requirements created by Dodd-Frank. The bill passed the Senate on March 14, 2018, and became law on May 24, 2018.

Legislative Alert

This is Bad for working people.

Vote result: Passed

YEAs: 67
NAYs: 31

Legislator Sort descending State Party Vote
Sen. Lamar Alexander
TN
Republican Yes
Sen. Tammy Baldwin
WI
Democrat No
Sen. John Barrasso
WY
Republican Yes
Sen. Michael Bennet
CO
Democrat Yes
Sen. Richard Blumenthal
CT
Democrat No
Sen. Roy Blunt
MO
Republican Yes
Sen. Cory Booker
NJ
Democrat No
Sen. John Boozman
AR
Republican Yes
Sen. Sherrod Brown
OH
Democrat No
Sen. Richard M. Burr
NC
Republican Yes
Sen. Maria Cantwell Democrat No
Sen. Shelley Moore Capito
WV
Republican Yes
Sen. Benjamin L. Cardin
MD
Democrat No
Sen. Thomas R. Carper
DE
Democrat Yes
Sen. Bob Casey
PA
Democrat No
Sen. Bill Cassidy
LA
Republican Yes
Sen. Thad Cochran
MS
Republican Yes
Sen. Susan Collins
ME
Republican Yes
Sen. Christopher A. Coons
DE
Democrat Yes
Sen. Bob Corker
TN
Republican Yes