(PartiallyPolitics.com) – Sen. Majority Leader Chuck Schumer (D-N.Y.) currently has to deal with Democratic infighting related to a bipartisan bill that was originally passed in 2018 following the landmark Dodd-Frank Wall Street Reform Act.

Sen. Elizabeth Warren (D-Mass.) is leading the push for a vote that would help roll back a part of the 2018 law. The bill is also co-sponsored by Sens. Jon Tester (D-Mont.), Joe Manchin (D-W.Va.), and other Democrats, and if passed it would allow the Federal Reserve to have more control over regulating mid-size banks.

Tester and Manchin are both preparing for two tough reelection races next year. Warren along with other progressives has claimed that the 2018 bill was part of an effort led by former President Donald Trump to reduce regulations on banks, which is what eventually allowed for the circumstances that led to the failures of Silicon Valley Bank and Signature Bank.  

Warren noted that President Joe Biden also called for “tougher bank regulations” and that rolling back Dodd-Frank is going to do exactly that. She added that so far there had not been any other suggestions that would directly address the problem.

In her proposal, which so far has 18 Senate Democratic co—sponsors, Warren calls for a vote on the floor to roll back the 2018 bill, however, Schumer has previously hinted that he only wanted to put on the floor “strong legislation” that was most likely going to pass.

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