Economic Growth, Regulatory Relief and Consumer Protection Act
The Economic Growth, Regulatory Relief and Consumer Protection Act was signed into United States federal law by President Donald Trump on May 24, 2018. The bill eases regulations imposed by Dodd–Frank after the financial crisis of 2007–2008 by raising the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to let fail. The bill also eliminated the Volcker Rule for small banks with less than $10 billion in assets.
The act was the most significant change to U.S. banking regulations since Dodd–Frank.
