House Passes Bill Overhauling Dodd-Frank

By Evan Weinberger (June 8, 2017, 4:44 PM EDT) -- In a party-line vote the U.S. House of Representatives passed a bill Thursday that would repeal and replace many of the financial regulations put in place by the Dodd-Frank Act.

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, said Thursday the CHOICE Act would eliminate too-big-to-fail, something that Dodd-Frank failed to do despite promises from Democrats. Above, Hensarling on Capitol Hill in May. (AP) The House voted 233-186 to approve the Financial CHOICE Act, which would serve as the replacement for Dodd-Frank and eliminate other financial regulations put in place during former President Barack Obama's term in office. All but one...

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