House GOP releases Dodd-Frank replacement bill, sets hearing

House Republicans released their udpated bill to replace former President Barack Obama’s financial reform law Wednesday and set a hearing on the sweeping legislative package for next Wednesday.

“Dodd-Frank failed to keep its promises to the American people, but we will work with President Trump to follow through on his promise to dismantle Dodd-Frank,” Financial Services Committee Chairman Jeb Hensarling said in announcing the hearing. “That’s not what Wall Street wants, but it is what hard-working Americans need to have a healthier economy with more opportunities so they can achieve financial independence.”