By Lai King Lam (August 7, 2018, 4:29 PM EDT) -- The passage of the JOBS and Investor Confidence Act[1] in the U.S. House of Representatives on July 17 was no small feat for House Financial Services Chairman Jeb Hensarling, R-Texas, given that Congress had enacted a major banking deregulation bill just a few months ago. Jobs Act 3.0, as it is commonly called, is a compilation of 32 stand-alone bills aimed at improving capital formation and boosting initial public offerings. It is Rep. Hensarling's follow-up to the Senate's Economic Growth, Regulatory Relief and Consumer Protection Act, or EGRRCPA,[2] a bipartisan regulatory relief measure for small financial institutions enacted in May 2018. The EGRRCPA and Jobs Act 3.0 contain vestiges of Rep. Hensarling's 2017 Financial Choice Act,[3] a bill that would have repealed most of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection. These two legislative packages reflect the GOP's pivot away from the wholesale repeal of Dodd-Frank and its embrace of a piecemeal strategy to chip away at the 2010 law. Though capital formation is the headliner of Jobs Act 3.0, Rep. Hensarling's bill does contain a few Dodd-Frank reform measures. If the chairman manages to get the bill signed into law, it will be the last gasp of the GOP's near decade-long efforts to kill Dodd-Frank....