House passes bill to replace Dodd-Frank Wall Street reform law
House passes bill to replace Dodd-Frank Wall Street reform law
By Lisa Lambert - Reuters
WASHINGTON, June 8 (Reuters) - The U.S. House of Representatives on Thursday voted largely along party lines to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came out of the 2007-09 financial crisis.
The bill, called the CHOICE act, was approved by a vote of 233-to-186. Authored by House Financial Services Committee Chairman Jeb Hensarling, a Republican, it gives banks a choice between complying with Dodd-Frank or holding onto more capital.
READ MORE: http://www.msn.com/en-us/money/markets/hou...
By Lisa Lambert - Reuters
WASHINGTON, June 8 (Reuters) - The U.S. House of Representatives on Thursday voted largely along party lines to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came out of the 2007-09 financial crisis.
The bill, called the CHOICE act, was approved by a vote of 233-to-186. Authored by House Financial Services Committee Chairman Jeb Hensarling, a Republican, it gives banks a choice between complying with Dodd-Frank or holding onto more capital.
READ MORE: http://www.msn.com/en-us/money/markets/hou...
While the country was looking at James Comey, the Republicans in the House was busy taking the safety guards away from the American people, that keeps Wall Street from bankrupting the country again, you remember the 2007-09 financial crisis, didn't you?