The House on Tuesday passed a bill to loosen federal regulations on the banking sector, securing an election-year legislative accomplishment that is likely to be touted by members of both parties.
The 258-159 House vote sends the bill to MORE, who has pledged to sign it.
The bill was opposed by only one Republican, while 158 Democrats voted against it.
“We’ve been losing a community bank or credit union every other day in America, and with it the hopes and dreams of millions,” said Rep.