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House passes bill gutting Dodd-Frank rules governing Wall Street

Posted by   /  June 9, 2017  /  1 Comment

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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.


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1 Comment

  1. Luz Lopez says:

    Another dumb move and big mistake by Congress. So everyone who is a consumer will no longer have any decent agency to look out for their rights and protect them from companies that practice extreme unfair practices? Banks will be ALLOWED to too us off and continue to unfairly treat minorities as their targets oh yea that’s really smart guys…

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