FuzzyLumpkins
06-09-2017, 08:48 AM
What could go wrong?
WASHINGTON – The U.S. House passed on Thursday a massive bill designed to repeal many Obama-era Wall Street regulations.
The new legislation, known as the Financial CHOICE Act, is the signature legislative effort of U.S. Rep. Jeb Hensarling, R-Dallas, during his tenure as the House Financial Services Committee chairman. It passed the House on a mostly party-line vote of 233-186. The Texas delegation vote broke down along party lines, with the exception of U.S. Rep. Sam Johnson, R-Richardson, who was absent.
The bill dismantles much of the 2010 Dodd-Frank Wall Street overhaul, which was drafted in response to the 2008 financial crisis and became a signature accomplishment of the Obama administration.
While the bill breezed through the House chamber, its path forward in the U.S. Senate is far less certain, where Democratic support would be needed to draw the necessary 60 votes.
https://www.texastribune.org/2017/06/08/us-house-passes-hensarlings-landmark-deregulation-legislation/
WASHINGTON – The U.S. House passed on Thursday a massive bill designed to repeal many Obama-era Wall Street regulations.
The new legislation, known as the Financial CHOICE Act, is the signature legislative effort of U.S. Rep. Jeb Hensarling, R-Dallas, during his tenure as the House Financial Services Committee chairman. It passed the House on a mostly party-line vote of 233-186. The Texas delegation vote broke down along party lines, with the exception of U.S. Rep. Sam Johnson, R-Richardson, who was absent.
The bill dismantles much of the 2010 Dodd-Frank Wall Street overhaul, which was drafted in response to the 2008 financial crisis and became a signature accomplishment of the Obama administration.
While the bill breezed through the House chamber, its path forward in the U.S. Senate is far less certain, where Democratic support would be needed to draw the necessary 60 votes.
https://www.texastribune.org/2017/06/08/us-house-passes-hensarlings-landmark-deregulation-legislation/