washington u.s. senate committee advance legislation tuesday would ease financial rule bank first time since 2007-2009 financial crisis bank committee advance legislative package vote 16 head full senate consideration bill would ease regulatory requirements bank 250 billion assets among change rule impose 2010 dodd-frank financial reform law bill support nearly every republican senate least 12 democrats make passage extremely likely high likelihood change may become law lead intense lobby industry group eager see legal change include measure view beneficial 100 amendments propose bill primarily democrats look trim favorable provision bank boost consumer protections four moderate democrats committee join panel 12 republicans oppose change compromise package first announce november bill seem likely pass senate path forward remain unclear lawmakers face busy december schedule include efforts finalize tax cut package need pass fund bill avert government shutdown financial regulation promote safety soundness enable vibrant grow economy say committee chairman mike crapo bill mark today product thorough robust process honest bipartisan negotiations proponents argue bill would help spur economy encourage lend critics argue increase risk future crises aid bank already enjoy record profit bill help bank include large large say senator sherrod brown legislation make number change heighten financial rule enact part 2010 dodd-frank financial reform law relief aim primarily small bank credit unions however handful provision beneficial large bank notably exempt large bank heighten regulatory scrutiny systemically important financial institutions bill raise threshold bank face strict rule 50 billion assets 250 billion bank assets 50 billion 100 billion would exempt bill enact assets 100 billion 250 billion would exempt 18 months late federal reserve would flexibility release bank strict rule sooner reinstate scrutiny certain condition part legislation bill also exempt bank less 10 billion assets several regulatory requirements include volcker rule ban proprietary trade senate committee advance bill ease bank regulations