Economy

GOP replacement for Dodd-Frank financial rules passes House

By Joseph Lawler
Published June 8, 2017 8:39pm ET
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GOP replacement for Dodd-Frank financial rules passes House
Bill would undo the rules the Obama administration imposed on the financial sector in the wake of the 2008 financial crisis. (AP Photo/Manuel Balce Ceneta) | Manuel Balce Ceneta

House Republicans voted Thursday to replace the 2010 Dodd-Frank law with their own sweeping financial regulatory measure, the Financial Choice Act.

The bill passed 233-186, with no Democratic support. One Republican, Walter Jones of North Carolina, voted no.

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CFPB Congress Dodd-Frank Act Finance House of Representatives Jeb Hensarling Joseph Lawler Volcker Rule