Ryan Confirms House Will Vote on S. 2155
May 9, 2018
The House will vote on S. 2155, the bipartisan financial regulatory reform bill advanced by the Senate in March, while the Senate will take up a set of additional reform bills passed by the House Financial Services Committee, according to an agreement announced by House Speaker Paul Ryan (R-Wis.) yesterday. Both Ryan and House Majority Leader Kevin McCarthy have previously signaled that the House could pass the bill in May, but Ryan offered no further comments on the timing of a vote.
“We’ve got an agreement to be moving different pieces of legislation,” Ryan said. “So we will be moving [S. 2155]. We’re also going to be moving in the Senate a package of bills that we think will actually add to this that the Financial Services Committee has acted on as well.” The House Financial Services Committee has passed numerous standalone measures by substantial bipartisan majorities.
ABA is urging bankers to write their House members and ask them to pass the bill. A huge wave of grassroots action made a difference in urging the Senate to pass the bill, and now the same effort is needed in the House. “We need your help to get this regulatory reform legislation across the finish line,” ABA said in an action alert to members. Take action now.