The Economic Growth, Regulatory Relief, and Consumer Protection Act (abbreviated EGRRCPA; Pub.

For the vast majority of banks, the bill cut back on requirements for reporting of mortgage loan data.

[5][7][8] Barney Frank, leading co-sponsor of Dodd-Frank, said parts of the original law were a mistake and supported the legislation.

[15] A lengthy report done by Michael S. Barr of the Federal Reserve Board of Governors, stated that Silicon Valley Bank (SVB) had failed due to a "textbook case of mismanagement" and that top leaders at the bank "failed to manage basic interest rate and liquidity risks".

[17] SVB’s CEO Greg Becker supported the rollback and explicitly lobbied for its passage,[18] due to the reduced frequency and number of scenarios required for stress testing implemented under the Dodd–Frank Wall Street Reform and Consumer Protection Act for banks with under $250 billion in assets.