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ARTICLE · 22 JUNE 2017

Dodd-Frank Re-Write—The House Of Representatives Edition

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The House has approved major changes to signature aspects of Dodd-Frank. While those changes are unlikely to survive intact, they are certainly worthy of close attention.

United StatesConsumer Protection
Securities Litigation, Investigations And Enforcement
Securities Litigation, Investigations And Enforcement
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Authored by: Sunny Hwang, M Todd Scott and George Greer.

The House has approved major changes to signature aspects of Dodd-Frank. While those changes are unlikely to survive intact, they are certainly worthy of close attention. We've studied the nearly 600-page bill so you don't have to.

On June 8, 2017, the House passed H.R. 10, entitled the Financial CHOICE Act of 2017. Sponsored by Rep. Jen Hensarling (R-Texas), the bill advances to the Senate after a largely party-line vote, 233 to 186. All but one Republican supported the bill, while all Democrats opposed.

The bill extensively amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, the landmark 2010 legislation passed by a Democrat-controlled Congress in the wake of the Lehman Brothers collapse and ensuing financial crisis.

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