Article source
New York Times
Article date
Wed, Jun 7, 2017
WASHINGTON — Since the Dodd-Frank Act was signed into law nearly seven years ago, Republicans have promised to make it their mission to repeal the legislation, which they say is strangling the financial industry and killing jobs.
They will take their most significant step on Thursday when the House of Representatives votes on a bill that would gut major elements of the regulatory legislation, drafted in the aftermath of the 2008 financial crisis.
The bill coming up for a vote, the Financial Choice Act, has maintained a low profile compared with Republican plans on health care and taxes, but it represents a major part of an agenda the Republicans say will unshackle the economy and accelerate economic growth.