House Panel Votes to Gut Dodd-Frank Law Enacted After the Financial Crisis
The law was enacted after the 2008 recession
(WASHINGTON) — A House panel approved legislation Thursday that would gut much of the Dodd-Frank law enacted after the 2008 economic meltdown. The bill cleared the Republican-led House Financial Services Committee on a party-line vote of 34-26.
“I can’t do a good James Brown, but I feel good,” said Rep. Jeb Hensarling, the normally reserved Republican chairman of the committee, referring to the singer often called the godfather of soul. Hensarling wrote much of the overhaul legislation.