Maxine Waters, a Democrat from California and ranking member of the House Financial Services Committee, left, speaks with Representative Jeb Hensarling, a Republican from Texas and chairman of the House Financial Services Committee. Photographer: Al Drago/Bloomberg
Jeb Hensarling and Maxine Waters don't agree on much but they've reached a compromise on a plan for dialing back financial rules that is poised to pass the U.S. House this week.
The legislative package, which Hensarling and Waters unveiled Monday, is largely aimed at making it easier for companies to raise money by lowering barriers to invest in startups and simplifying regulations for businesses to go public. Most of the 32 bills included make minor, incremental changes to existing rules. Others have already been adopted by federal agencies such as the Securities and Exchange Commission. House lawmakers may vote on the measure as soon as Tuesday, which would send it to the Senate.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
