House passes bill to dismantle Dodd-Frank

Posted online June 9, 2017 | 11:41 am

The U.S. House of Representatives voted Thursday to approve a bill dismantling much of the Dodd-Frank Act.

Dubbed the Financial Choice Act, the bill passed 233-186, with all Democrats voting against it.

The Dodd-Frank Act was enacted in 2010 in the wake of the financial crisis and outlawed some of the riskiest behaviors of banks and financial service companies.

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