A legislative package that aims to chisel away much of the Dodd-Frank Act will move on to a vote in the House of Representatives, following a party line vote by the House Financial Services Committee.
The Financial CHOICE Act, sponsored by the committee’s chairman, Rep. Jeb Hensarling (R-Texas) moved onward by a 34-26 vote on April 4. To become law, H.R. 10 must still receive a majority of votes in the House and, likely a more daunting task, the Senate.
