The bill doesn't go almost as far as many Republicans and some in the finance industry would like, leaving big Wall Street firms in particular close to empty handed.
Republican and Democratic senators have one major target on the agenda this week: Retooling the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
The bill does this by raising the threshold at which banks would be subject to these requirements.
Congress is set to give a bunch of banks more of what they want - which is to say, fewer regulators in their lives - with legislation making its way through the Senate this week.
"At this point, we make too many business decisions based on regulations versus serving the client", bank president Larry W. Myers said in a statement. "It signals the next round in the Dodd-Frank wars".
"Our banks do not threaten USA financial market stability, and we should not be subjected to the same regulatory regime as larger banks with more complex and interconnected business models", the banks added.
Sen. Mike Crapo, above, and four moderate Democrats on the panel negotiated the deal that resulted in the bill that passed out of the Banking Committee in December. Senator Elizabeth Warren, D-Massachusetts, is one of its more outspoken critics, calling it the #BankLobbyistAct on Twitter.
"All community banks would like to see some rollback", May said. The smaller banks have held their own, but we're operating with 2000 less community banks a day than we were 12, 15 years ago. As it is now worded, it would most likely apply to just three banks, all of which take deposits primarily from large asset managers and other banks, rather than Main Street customers, and are known as custody banks. Bank of New York, State Street and Northern Trust are the three banks that would clearly benefit, according to the CBO.
I poked some fun yesterday at how JPMorgan Chase and Bank of America appear to be ignoring consumer trends in their push to expand the brick-and-mortar branch networks. "And so we didn't even get all of the regional banks included in this bill". Warren said that is the case because lobbyists have convinced lawmakers that it's a good bill. After 18 months, those requirements would no longer apply to banks with assets ranging from $100 billion to $250 billion.
Whether the language is broadened or not, the presence of a carve-out has made supporters of the law's original capital requirement nervous.
"In a certain respect, this bill is a ideal complement to tax reform - further expanding opportunities for American families, communities, and small businesses", he said Tuesday on the Senate floor.
"This is not a tweak", said Sheila C. Bair, former chairwoman of the Federal Deposit Insurance Corp. The rules would make it easier for big banks to buy municipal bonds, the Wall Street Journal noted. Exemptions in the bill would allow certain banks to run a far larger share of their trading and legalistic wagering with debt as fuel.
The truly biggest banks - Goldman Sachs, JP Morgan, CitiGroup - have balance sheets well beyond $250 billion, and will not benefit from that change.
"This bill wouldn't be on the path to becoming law without the support of these Democrats".
Smalling's goal was followed by a superb effort by Romelu Lukaku in the 76th minute which equalised the score for the visitors. Yet, for all their time on the ball, Mourinho's side created precious little to worry Hennessey in the Palace goal.
After getting her trophy engraved at the Governors Ball on Sunday, McDormand , 60, misplaced her trophy, USA Today reported. A man is being questioned after Frances McDormand's Best Actress Oscar was stolen.
The move eliminates a need for defensive end help unless of course the Dolphins decide to release one of their current DE's. But the 27 year old has just 17.5 sacks during his last three seasons, while playing just 32 games during that stretch.
Woods' next two starts likely will be his last prior to the Masters, which will be April 5-8 at Augusta National Golf Club. And former PGA Tour victor Brandel Chamblee believes it is only a matter of time before Woods contends for a trophy.
The scientists used an algorithm to search images from the American Landsat spacecraft for sites of possible penguin activity. It's locked up in sea ice most of the year, and even in summer it's hard to reach.
Their latest stunt involves teaming up with Amazon video to produce a short film as primer for the game's storyline. In the meantime, keep an eye out for the short film coming to Amazon Prime Video on March 5th.
In the match between "the light and the dark", it was the light which came out on top with Matt Hardy besting Bray Wyatt . Stephanie McMahon , WWE chief brand officer and Triple H's wife, stormed into the ring and slapped Rousey on the face.
A man of the match performance from Llorente, impressive considering he had not scored in the FA Cup before the game. It's been a nice test for myself up against Rochdale these last two games because they're a good footballing team.
Hardy says the results of an E! investigation forced her to come forward now, CBS News correspondent Jericka Duncan reports. The claims gathered steam when Taraji told reporter Wendi McLendon-Covey for ABC: "I'm great now that I'm in your company".
As Rousey suggested in her tweet, she will likely take the microphone and explain the events of the previous night. This led to Rousey slamming Triple H through a table and sending McMahon cowering towards the back.
Ilham Aliyev congratulated President Erdogan on his birthday, and wished him success in his activity for the prosperity of Turkey. Turkish President Recep Tayyip Erdogan speaks to members of his ruling party on Saturday.
Shape of Water wins best picture at Oscars 2018
He thanked America "for the many wonderful gifts it has given me - my home, my livelihood, my family and now Oscar". As they say, presenting is lovelier the second time around, Dunaway joked.
Gun Issue About More Than Guns
They look repeatedly at the landscape of America's gun culture and warn that the carnage will be repeated if nothing is done. Nevertheless, the NRA and other enthusiastic gun owners dismiss the seriousness of our gun violence today.
Gatwick Airport advice - check on your flights
Aer lingus flights will begin to wind down from three o'clock this afternoon, with other airlines following at 4pm. The extreme weather brought plunging temperatures and heavy snow with up to 40cm falling in some areas.
Scots jobs at risk as Toys R Us goes into administration
Founded in 1985, Toys R Us has entered administration following an unsuccessful attempt to sell its business as a going concern. An administrator for Maplin, Zelf Hussain, said United Kingdom trading conditions had proven hard but business would continue.
The Nokia 8110 is back
The Nokia 8 Sirocco front camera bears a 5-megapixel sensor paired with a fixed focus lens, f/2.0 aperture, and 1.4-micron pixels. Yes, the new Nokia 8 Sirroco edition is officially announced at Mobile World Congress 2018 in Barcelona, Spain by HMD Global .