Financial Choice Act Bill Gets House Approval, Pelosi Says Republicans Pushing “Wall Street First”
The Republican-led House has passed a bill rolling back some Obama-era financial regulations.
FOX’s Rachel Sutherland reports from Washington:
The Financial Choice Act would allow banks to bypass rules passed after the 2008 financial crisis, including Dodd-Frank regulations. Republicans say the deregulation bill will create jobs.
Democratic House Leader Nancy Pelosi says:
(Pelosi) “House Republicans are pushing a dangerous Wall Street first. Wall Street first, that’s who they are. A bill that would drag us back to the days of the great recession.”
The legislation faces a tough climb in the Senate, much like health care. Senators could decide to craft their own financial deregulation bill.
In Washington, Rachel Sutherland, FOX News.
Congratulations to Jeb Hensarling & Republicans on successful House vote to repeal major parts of the 2010 Dodd-Frank financial law. GROWTH!
— Donald J. Trump (@realDonaldTrump) June 9, 2017
