Republican jobs bill aims to repeal Dodd-Frank

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The GOP-led House approved legislation that scales back the massive set of Wall Street regulations created after the 2008 financial crisis. The. House Republicans voted Thursday to deliver on their.

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The White House had previously said "no" to any proposed repeal of Dodd-Frank, including when attached to a spending bill. This moratorium has clearly been lifted, and the lobbyists are hard at work. The House Republican rhetoric will be "technical fixes" and "job creation".

Jobs Act 3.0 May End Dodd-Frank Repeal Efforts. 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.

House Republicans mainly don’t talk about these features, preferring to focus on regulatory relief for community banks and credit unions; the CHOICE Act exempts these institutions from most Dodd-Frank rules and reporting requirements. That’s literally the only thing you hear about from the House GOP,

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The Senate has already approved the bill that would allow banks with up to $250 billion in assets to escape some of the toughest rules put in place by the Dodd-Frank Act in 2010 to shore up the.

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The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal. Many Republicans have called for the partial or total repeal of the law.. 5.1 Legislative reaction; 5.2 Industry and other groups; 5.3 Job creation.. consumers from abusive financial services practices, and for other purposes.

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The bill offered by DeMint, who serves on the Senate Banking Committee, would set aside the regulatory overhaul that aims. Dodd-Frank and absolutely supports legislation to repeal it,” Jonathan.

The U.S. House of Representatives on Thursday approved legislation to repeal and replace major parts of the Dodd-Frank Wall Street reform law, as Republicans finally moved a step closer to delivering on their promise to reshape the regulatory landscape.

The House Financial Services Committee approved a bill Thursday to repeal and roll back. dragged across three days. Republicans blocked several amendments offered by Democrats that would restore.