By Joan Guilfoyle (April 6, 2018, 11:59 AM EDT) -- On March 14, 2018, the Senate passed the Economic Growth, Regulatory Relief and Consumer Protection Act, or S. 2155. This bill had bipartisan support, including 12 Democratic co-sponsors, and was approved by the Senate by a vote of 67-31. While not as sweeping as the Financial Choice Act, or H.R. 10, the regulatory relief bill passed by the House in June 2017, S. 2155 would provide targeted regulatory relief to financial institutions; in particular, to community banks with under $10 billion in total assets that would benefit from capital simplification and relief from certain compliance provisions. Larger institutions would also benefit from the passage of S. 2155 as it would increase the threshold for the imposition of enhanced prudential standards, which may, in the end, benefit community banks as it would bring these larger institutions back into the acquisition market. Separately, the House has also passed a series of bills that cover individually some of the provisions in S. 2155, although the proposals are not identical....