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Thursday, June 08, 2017

While Everyone is Focused on the Con-Me hearing we get this: House set to pass bill Thursday to roll back Wall Street rules

The GOP-led bill, called the Financial Choice Act, is unlikely to become law as it isn’t expected to earn enough support in the Senate. Aspects of the legislation could be implemented by the Trump administration, but officials there have laid out a more modest agenda. The administration is expected to release a report next week outlining its financial regulatory goals.
The Choice Act, expected to advance through the House along party lines, would mark the first time Republicans have successfully passed broad legislation aimed at replacing the 2010 Dodd-Frank financial-overhaul law, the Obama-era response to the financial crisis.

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