House Republicans Pass Bill to Rip Up Post-Crisis Bank Rules
- Jeb Hensarling’s Financial Choice Act opposed by Democrats
- Sweeping overhaul of Dodd-Frank faces long odds in the Senate
Rep. Hensarling Says Dodd-Frank Made Banks Even Bigger
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House Republicans made headway on President Donald Trump’s pledge to dismantle post-crisis financial rules by approving a sweeping bill Thursday that rips up major aspects of the Dodd-Frank Act.
House lawmakers approved the legislation in a 233-to-186 vote. But the bill -- called the Financial Choice Act -- has little chance of passing the Senate in its current form.