Congress just passed a significant bill related to the banki

Congress just passed a significant bill related to the banking industry. What did the bill include and/or why was it significant?

Solution

Congress has passed a significant bill called the Economic Growth, Regulatory Relief and Consumer Protection Act related to the banking industry. This bill has rolled back some clauses of Dodd-Frank act, 2010 which came into existence as a big financial reform after 2008 financial crises.

This bill includes the following significant changes –

These changes are significant in banking industry because it will impact the whole economy of the country in long run and undermines some controling power of Federal Reserve Bank.