NAHB Urges Prompt Senate Action on Banking Bill

Filed in Capitol Hill by on March 5, 2018 1 Comment

NAHB is urging the Senate to move quickly to pass the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), banking reform legislation now pending in the upper chamber.

In an official statement, NAHB Chairman Randy Noel said:

“NAHB commends the Senate for working in a bipartisan manner to advance S. 2155, legislation that contains critical reform elements that would help ease tight credit conditions that are keeping more home buyers on the sidelines even as the housing recovery picks up steam.

“S. 2155 shows that lawmakers from both sides of the political aisle can work together on meaningful legislation that would alleviate harsh regulatory constraints on Main Street banks that have unnecessarily impeded a more robust housing and economic recovery.

“We urge the Senate to pass this bill soon.”

For more information, contact Scott Meyer at 800-368-5242 x8144.

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  1. Compton says:

    i’m really disappointed in the NAHB; those are the same regulations put in place to protect consumers after gross negligence on the part of banks: specifically mortgage lenders. We should be fighting to make our profession better for consumers, not creating loopholes which allow predatory lending practices.

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