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ARTICLE · 30 MAY 2018

Bank Deregulation Bill Becomes Law

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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Hogan Lovells Cadwalader

Hogan Lovells Cadwalader

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On May 24, President Trump signed into law the most significant banking legislation since the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") in 2010.

United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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On May 24, President Trump signed into law the most significant banking legislation since the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") in 2010. The bill, titled the "Economic Growth, Regulatory Relief, and Consumer Protection Act," (the "Act") was approved by the U.S. House of Representatives on May 22, 2018. Identical legislation passed the U.S. Senate last March on a bipartisan basis.

As explained in a Cadwalader memorandum, the Act makes targeted changes to key areas of Dodd-Frank. The principal beneficiaries of the new law are smaller, non-complex banking organizations.

The memorandum summarizes changes in the following areas:

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