There have been congressional tweaks to the Dodd-Frank Act since its passage in 2008 – most notably 2015 legislation which loosened derivatives regulations, among other things, which drew the ire of Sen. Elizabeth Warren (D-Mass.).
But the 196-page package of regulatory reform legislation approved by the House this week is by far the most sweeping change to financial regulation since the Great Recession led to passage of Dodd-Frank.
The House joined the Senate in passing S. 2155, and the move was met with near-universal praise in the industry. Read on for details and reaction.
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