Senate passes bill easing banking rules from financial crisis

Schumer, McConnell
Schumer and McConnell in the Capitol. Photo: Tom Williams / CQ Roll Call

"Congress moved a step closer to relaxing the wave of crisis-era restrictions placed on the banking industry, ... with Senate approval of a bipartisan plan to ease rules for small and midsize banks," per the Wall Street Journal.

Why it matters: "The bill, which has a good chance of becoming law, would be the most significant revamp of financial rules since Republicans took control of government last year."