'Regulatory Relief' for Banking: Selected Legislation in the 114th Congress [November 23, 2016] [open pdf - 1MB]
"The 114th Congress is considering legislation to provide 'regulatory relief' for banks. The need for this relief, some argue, results from new regulations introduced in response to vulnerabilities that were identified during the financial crisis that began in 2007. Some have contended that the increased regulatory burden--the cost associated with government regulation and its implementation--is resulting in significant costs that restrain economic growth and consumers' access to credit. Others, however, believe the current regulatory structure strengthens financial stability and increases protections for consumers, and they are concerned that regulatory relief for banks could negatively affect consumers and market stability. Regulatory relief proposals, therefore, may involve a trade-off between reducing costs associated with regulatory burden and reducing benefits of regulation. [...] Congress faces the question of how much discretion to give regulators in granting relief. Some bills leave it up to the regulators to determine how much relief should be granted, whereas others make relief mandatory. Some bills provide relief in areas regulators have already reduced regulatory burden. Some of the legislation is focused on providing relief for small banks, whereas other bills provide relief to the entire industry."
CRS Report for Congress, R44035
via Federation of American Scientists: http://www.fas.org/sgp/crs/index.html