House votes to ease banking regs with help from 20 Dems

Published



The House of Representatives passed legislation Thursday that could preview Republican efforts next year to undo or modify President Obama’s landmark post-crisis financial reform legislation.

The bill authored by Rep. Blaine Luetkemeyer, R-Mo., to lessen the regulatory load on many midsize and regional banks received some support from 20 Democrats, and cleared the lower chamber in a 254-161 vote.

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