Overview

On May 24, 2018, President Donald J. Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174), an act intended to ease many of the post-recession restrictions that were imposed on the financial services industry by the Dodd-Frank Act. The law is intended principally to assist community banks, but significant provisions will change which bank holding companies are subject to enhanced prudential standards, benefiting larger banks. The legislation also contains provisions dealing with algorithmic trading in securities markets, the financial exploitation of seniors, cybersecurity, and hedge fund names. Although the effort for a major overhaul of the Dodd-Frank Act sought by Congressional Republicans fell short, the Economic Growth, Regulatory Relief, and Consumer Protection Act contains significant regulatory changes. Further rollbacks of Dodd-Frank are now left to regulators in implementing the changes or for future lawmaking by Congress. The Economic Growth, Regulatory Relief, and Consumer Protection Act: Law, Explanation and Analysis provides a thorough analysis of these provisions and immediate insight into the impact of the new law. Written by the banking and securities law experts at Wolters Kluwer, the publication analyzes all sections of the Act, explaining the changes, the historical context, the congressional intent and the practical impact, and includes citations to new and amended law sections. The publication also features the full text of the legislation and relevant committee reports, a table of statutes amended, and an extensive topical index covering the subject matter of the legislation. On May 24, 2018, President Donald J. Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174), an act intended to ease many of the post-recession restrictions that were imposed on the financial services industry by the Dodd-Frank Act. The law is intended principally to assist community banks, but significant provisions will change which bank holding companies are subject to enhanced prudential standards, benefiting larger banks. The legislation also contains provisions dealing with algorithmic trading in securities markets, the financial exploitation of seniors, cybersecurity, and hedge fund names. Although the effort for a major overhaul of the Dodd-Frank Act sought by Congressional Republicans fell short, the Economic Growth, Regulatory Relief, and Consumer Protection Act contains significant regulatory changes. Further rollbacks of Dodd-Frank are now left to regulators in implementing the changes or for future lawmaking by Congress. The Economic Growth, Regulatory Relief, and Consumer Protection Act: Law, Explanation and Analysis provides a thorough analysis of these provisions and immediate insight into the impact of the new law. Written by the banking and securities law experts at Wolters Kluwer, the publication analyzes all sections of the Act, explaining the changes, the historical context, the congressional intent and the practical impact, and includes citations to new and amended law sections. The publication also features the full text of the legislation and relevant committee reports, a table of statutes amended, and an extensive topical index covering the subject matter of the legislation.

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9781543803303

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