U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, released the text of the discussion draft of “The Financial Regulatory Improvement Act of 2015.” Key highlights from the draft include easing regulations for small banks (those under half-a-trillion dollars in assets), some changes to the Fed, and — most apropos to this blog — changes to Fannie Mae and Freddie Mac. If you’re the kind of person who is so inclined, read the draft for yourself, and consider letting your senator and representative know your thoughts.
