The following can be attributed to Matt Well, spokesperson for the Regional Bank Coalition (RBC), on today’s markup of H.R. 3312 in the House Financial Services Committee:

“Today 13 Democrats and 34 Republicans passed the Systemic Risk Designation Improvement Act of 2017 out of committee, and now we are urging the full House to vote on H.R. 3312 as soon as possible. This important, bipartisan piece of legislation, along with its Senate counterpart S. 1893, is the most data-driven method of regulating financial institutions and should be the standard moving forward to support economic growth.”