November 22, 2024 7:22 am
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House passes bill gutting Dodd-Frank rules governing Wall Street

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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