New Democrat Coalition Chair Statement on S. 2155
Today, New Democrat Coalition Chair Jim Himes (CT-04) released the following statement after the House voted 258-159 to pass S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act:
“The New Democrat Coalition played a critical role in the drafting, passing and defending of the Dodd-Frank Wall Street Reform Act. We have known for quite some time that the Dodd-Frank Act requires adjustments and New Democrats have supported reasonable attempts to do such. The bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act will tailor overly burdensome regulations on credit unions and community banks while ensuring that the largest banks remain subject to the rules put in place after the financial crisis. The bill also puts in place new consumer protections for seniors, renters and veterans.
“We came to Congress to solve problems, and I’m proud of my colleagues for working with our Senate Democratic colleagues to pass this bill into law."