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House Sends Dodd-Frank Banking Rule Rollback To Trump

Law360, Washington (May 22, 2018, 6:45 PM EDT) -- The U.S. House of Representatives on Tuesday passed a major rollback of Dodd-Frank rules, sending a package of financial industry changes that backers say cut costly and burdensome regulations to President Donald Trump, who has indicated his support for the measure.

The House approved a Dodd-Frank rollback Tuesday that supporters say eliminates onerous banking rules and critics argue dismantles crucial protections put in place after the financial crisis. (AP)

Tuesday's 258-159 vote follows years of Republican complaints about the cost the Dodd-Frank Act placed on smaller...
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