House Votes to Ease Financial Rules in a Rare Bipartisan Move
- Republican Hensarling and Democrat Waters strike deal on bills
- Plan seeks to boost IPOs, remove constraints on raising money
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Jeb Hensarling and Maxine Waters don’t agree on much but they reached a compromise on a plan for dialing back financial rules that passed the U.S. House Tuesday.
The legislative package 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 approved the measure in a 406-to-4 vote, sending it to the Senate.