Congress Faces 'CHOICE' On Future Of SEC Enforcement

Law360, New York (September 27, 2017, 11:55 AM EDT) -- President Donald Trump and a Republican Congress swept into power this year promising broad regulatory reforms. One of their prime targets was the Dodd–Frank Wall Street Reform and Consumer Protection Act. The House of Representatives took the first step toward unraveling Dodd-Frank when it passed the Financial CHOICE Act of 2017 (the act) in June. The Senate committee on Banking, Housing, and Urban Affairs recently began holding hearings on the act. If approved as drafted by the House, the act will repeal broad swaths of Dodd-Frank. While most of the 600-page act focuses on financial regulations imposed by Dodd-Frank and other...

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