Bank Deregulation Faces Long Odds, Hensarling Says

Law360, New York (March 22, 2017, 5:01 PM EDT) -- A leading House Republican on Wednesday expressed doubts that his proposed large-scale rewrite of U.S. financial regulations would pass through the Senate, even after it makes it through the lower chamber.

House Financial Services Chairman Jeb Hensarling, R-Texas, said at the American Bankers Association Government Relations Summit in Washington that he would release a revised version of his Financial CHOICE Act “soon,” but gave no further details about when that bill would be released.

However, while Hensarling was confident that his legislation would win a vote in the House, he conceded that his counterpart in the Senate, Senate Banking Committee Chairman...

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