- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Financial CHOICE Act, a more than 600-page bill to repeal and repace much of the Dodd-Frank Act, has passed in the House of Representatives with a party-line vote of 233 to 186. It now moves into the far greater challenge of passage in the Senate.
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There is a lot of talk about regulatory retreats under the Trump Administration. Thus far, however, it has taken a more cautious approach than has been expected.
A recent Senate Banking Committee hearing on “Fostering Economic Growth” showed that regulators are not entirely opposed to a regulatory rollback. Their thoughts are inside.
Parallel to an ambitious bill to dismantle Dodd-Frank, the Treasury Department has plenty of its own ideas.
