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U.S. House lawmaker to release revamped Dodd-Frank overhaul bill

Published 04/11/2017, 05:54 PM
Updated 04/11/2017, 06:10 PM
© Reuters. FILE PHOTO: Chairman of the House Financial Services Committee Jeb Hensarling (R-TX) questions SEC Chairwoman Mary Jo White during a hearing in Washington.

WASHINGTON (Reuters) - The head of the U.S. House of Representatives committee that polices Wall Street plans to unveil a new draft of sweeping legislation by month's end that would give the 2010 Dodd-Frank Wall Street reform law a major facelift.

© Reuters. FILE PHOTO: Chairman of the House Financial Services Committee Jeb Hensarling (R-TX) questions SEC Chairwoman Mary Jo White during a hearing in Washington.

In a statement released to reporters, a spokeswoman for House Financial Services Chairman Jeb Hensarling said he is looking forward to working with President Donald Trump to enact the Financial CHOICE Act - a bill that will protect consumers "by holding Wall Street and Washington accountable" and end bank bailouts.

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