Wow, I'm genuinely shocked at this news because I had no idea it was even in the works. Somehow the news media failed to cover the 2018 advancement of a bi-partisan bill meant to reduce onerous regulations on small banks. For such a fundamental piece of reform, it has definitely been lost in the media's absurd coverage of Stormy Daniels (on the other hand, maybe it's good that Stormy Daniels played wing-man to keep the far left off of the moderate Democrats' back on this significant piece of banking deregulation).
https://www.cnn.com/2018/05/22/politics/house-ban…
Relative to the bitter partisanship in Washington today, this bill sailed through. In my never humble opinion, the best piece of the reform was allowing small banks--those with $10 billion in assets--to make risky lending decisions. These smaller banks have been the #1 source for small business debt capital, but Dodd-Frank, in its (complete and utter lack of) wisdom, decided to snarl small business capital in a bureaucratic mess. This is a good step in liberating capital for small business.
Update: was forced to watch CNN at the gym today for a half hour. 100% about Michael Cohen and Stormy Daniels. Zip, zilch about a significant piece of banking deregulation that impacts--directly or indirectly--all Americans. The American news media is simply pathetic.
