House of Representatives Passes Bill to Ease Banking Regulations, Advances to Senate

The U.S. House of Representatives has passed legislation (H.R. 6955) aimed at easing banking regulations, marking a significant step back from financial crash protections enacted after the 2008 crisis. The bill, which passed with a vote of 270-155-1, now moves to the Senate for consideration, where it will require 60 votes to advance. Critics argue the bill could allow large banks to take on greater risks.