The nation’s top bank regulators plan to tell Congress on Thursday that their efforts to trim bank rules and ​oversight will bolster economic activity and innovation without injecting undue risk ‌into the financial system.

The regulatory chiefs of the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency are set to testify before the ​House Financial Services Committee, where they will update lawmakers on ​a comprehensive effort to reconsider and soften numerous bank rules put ⁠in place following the 2008 financial crisis.

Bowman and her fellow regulators have been busy re-examining tougher standards put in ​place in recent years, arguing that overly punitive oversight has hindered banks’ ability to ‌support ⁠the economy. For example, Bowman said the Fed has found that examiners have reported numerous bank deficiencies that were procedural or documentation gaps, not actual financial risk.