U.S. House passes sweeping financial deregulation bill from Jeb Hensarling

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 […]

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Source: Community Impact- Round Rock