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About: Economic Growth, Regulatory Relief and Consumer Protection Act     Goto   Sponge   NotDistinct   Permalink

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The Economic Growth, Regulatory Relief and Consumer Protection Act (Pub.L. 115–174 (text) (PDF), S. 2155) was signed into United States federal law by President Donald Trump on May 24, 2018. The bill eases regulations imposed by Dodd–Frank Wall Street Reform and Consumer Protection Act after the financial crisis of 2007–2008, by raising the threshold to $250 billion from $50 billion under which banks are deemed too big to fail. The bill also eliminated the Volcker Rule for small banks with less than $10 billion in assets.