How House Bill Would Dismantle an Array of Dodd-Frank Reforms

WASHINGTON — The House of Representatives is preparing to vote on Thursday on a bill intended to make sweeping changes to the financial regulatory system.

If enacted, the Financial Choice Act will roll back major portions of the Dodd-Frank Act of 2010 and change significant aspects of the bank oversight process. It was outlined a year ago by Representative Jeb Hensarling of Texas, the Republican chairman of the House Financial Services Committee.

Here are some of the most significant changes in the nearly 600-page Financial Choice Act:…

For Full Article…

Leave a Reply

Your email address will not be published.