May 4, 2017Blog Posts

House panel advances bill to overhaul Dodd-Frank financial reforms

CNNMoney:

After nearly 23 hours of debate, House lawmakers on Thursday advanced one of President Trump’s top promises to dismantle the “horrendous” Dodd-Frank financial regulations that were put in place during the Obama administration. The House Financial Services Committee voted 34 to 26 along party lines, passing the Financial Choice Act, a Republican bill to undo the 2010 financial reform law. GOP lawmakers blame the Dodd-Frank regulations for choking U.S. economic growth and crimping lending by banks.

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