The U.S. House of Representatives could vote in May on a bill easing bank rules adopted after the 2007-2009 global financial crisis, a leading Republican lawmaker said yesterday, Reuters reported. The comments by Representative Kevin McCarthy, the House majority leader, marked the strongest sign yet that a deal could soon be reached between the House and Senate to pass the first rewrite of the 2010 Dodd Frank financial reform law. Last month the Senate voted 67-32 in favor of a bipartisan bill that would ease oversight of small and mid-sized banks. House Republicans have stalled voting on the Senate bill on the grounds that additional provisions should be included to further lower the regulatory burden on banks and to make it easier for small companies to raise capital. “I think you are within a month of getting it ... done,” McCarthy said. “At the end of the day there will be a bill at the President’s desk,” he added, pledging to deliver legislation to President Donald Trump before the 2019 midterm elections in November.
