WASHINGTON — A bill to clarify the Federal Reserve's authority around new capital rules is winding its way through Congress, paving the way for what could be a broader push for changes to the Dodd-Frank Act next year.

The bipartisan legislation, which would allow the Fed to differentiate its capital standards for banks from those for systemically important insurers, sailed through the Senate earlier this month, and has won praise from House lawmakers on both sides of the aisle. The bill is arguably less controversial than other changes to the reform law would likely be, but observers are suggesting that there could be more talk of regulatory relief ahead.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.