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Stock impact report

Capitol Report: House approves bank deregulation legislation [MarketWatch]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: MarketWatch
House approves bank deregulation legislation The House of Representatives voted 258 to 159 late Tuesday to pass a deregulation bill that gives major banks — outside of money-center giants — a measure of relief. The bill, the Economic Growth, Regulatory Relief and Consumer Protection Act, will now go to President Trump for signature. The changes to the law passed after the financial crisis lighten the banks’ regulatory burden but also help set the stage for agencies to act further, analysts say. The bill includes breaks that essentially eliminate the possibility of designation as a systemically important financial institution for all but the biggest banks, by raising the threshold from $50 billion to $250 billion in assets. That relieves BB&T BBT, +1.28% , SunTrust Banks Inc. STI, +1.22% and HSBC USA HSBC, +1.08% from much of the strict regulatory oversight imposed by the Dodd-Frank Act of 2010 after the financial crisis. State Street Corp, while currently under the $250 milli Show less Read more
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