Regulatory relief passes House; heads to president’s desk

The OBA has learned S. 2155, a regulatory relief bill for community banks, has just passed the U.S. House of Representatives. With its passage through the Senate in March, it will now head to President Trump’s desk for his signature and become law.

We will have more information on this development soon. As for now, thank you to all those in the banking industry who helped pull together this definitive WIN for community banks, and congratulations to those community banks, which will soon have some relief from the onerous regulations that have come upon the industry in the past decade.