House Republicans Are Close to Passing a New Version of Dodd-Frank

The U.S. House Financial Services Committee is expected on Tuesday to pass a revamp of the Dodd-Frank Wall Street reform law, but the bill is not anticipated to receive President Barack Obama’s signature if it ever reaches his desk.

The bill, introduced this summer by the committee chairman, Republican Jeb Hensarling, would allow banks to choose between complying with Dodd-Frank or meeting much tougher capital requirements.

Dodd-Frank, which was passed in the aftermath of the 2007-08...

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