A far-reaching bill that would overhaul the 2010 Dodd-Frank Act is set for the House floor the week of June 5, according to a notice posted on the chamber’s website.
The bill is sponsored by Rep. Jeb Hensarling (R-Texas), who chairs the House Financial Services Committee. That panel approved the bill May 4 along party lines.
H.R. 10, known as the Financial Choice Act, would offer financial institutions an “off-ramp” from regulations if they maintain a 10 percent capital ratio. The legislation would also affect how regulators deal with systemic risk, revamp the Consumer Financial Protection Bureau, and ease restrictions on startups’ ability to raise money.
For the floor vote, the bill won’t include a provision in the original bill that would have repealed limitations on debit-card transaction fees. That language divided the Republican caucus and was the subject of a fierce lobbying battle, with banking groups favoring repeal and retail and restaurant groups pushing to keep the law as is.
To contact the reporter on this story: Rob Tricchinelli in Washington at email@example.com
To contact the editor responsible for this story: Phyllis Diamond at firstname.lastname@example.org
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)