Republican measure, approved by party-line vote, seen as having little chance of Senate passage as is
By Greg Robb | MarketWatch
Rep. Jeb Hensarling (photo), Republican of Texas, chair of the House Financial Services panel, and the author of the Financial Choice Act.
The House of Representatives passed a bill to roll back the Dodd-Frank law on Thursday, voting along party lines to gut regulations that Republicans see as dampening lending and harming small banks.
The bill cleared the House on a vote of 233 to 186. One Republican voted against the measure.