Senate Passes Bill Loosening Banking Rules, but Hurdles Remain in House<br />By ALAN RAPPEPORTMARCH 14, 2018<br />A decade after the federal government rescued the first of many faltering financial firms, the Senate voted on Wednesday to pass legislation<br />that would relax restrictions on large parts of the banking industry, representing the most significant changes to the rules that were put in place after the 2008 financial crisis.<br />Representative Jeb Hensarling of Texas, the Republican chairman of the House Financial Services Committee, suggested this month<br />that he did not expect his colleagues to just rubber-stamp the legislation that passed the Senate and that there would be changes to a final bill.<br />“If the House overreaches in its effort to amend the Crapo bill, it could slow down the bill’s progress,” said Brian Gardner, an analyst at the<br />financial services firm Keefe, Bruyette & Woods, referring to Senator Mike Crapo, the Republican of Idaho who is a sponsor of the measure
