Gwen Moore

House votes along party lines to repeal key Dodd-Frank financial reforms

House votes along party lines to repeal key Dodd-Frank financial reforms

The House voted along party lines Thursday to repeal many of the stricter regulations enacted after the 2008 financial crisis, taking the first step in a long-held Republican desire to roll back landmark rules they complain are hurting banks, restricting consumer credit and slowing economic growth.

The legislation, which faces major hurdles in the Senate because of united Democratic opposition, would continue the Republicans’ deregulatory push under President Trump by dismantling key parts of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

That law, passed with almost no Republican support, was the biggest overhaul of financial regulations since the Great...

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