Federal Reserve Governor Randall Kroszner has credited the law for a myriad of economic benefits including "higher economic and employment growth, spurred by moreefficient and more-diverse banks" and "more entrepreneurial activity, as the more bankdependent sectors of the economy, such as small businesses and entrepreneurs, achieve greater access to credit." Good updating would take into account government subsidized institutions - such as Fannie Mae and Freddie Mac - that have weakened market discipline, as well as existing regulations that encourage perverse incentives, such as Clinton's expansion of the Community Reinvestment Act, an area where the administration was not deregulatory and actually encouraged bad loans to be made.

Legislation
Banks
Regulation of financial institutions
Community Reinvestment Act 1977-US
Capital costs
Interstate Banking & Branching Efficiency Act 1994-US