House Passes Legislation to Ease Some Dodd-Frank Financial Rules

WASHINGTON — The House on Wednesday easily passed legislation to ease some of the banking regulations adopted after the financial crisis, with 29 Democrats shrugging off President Obama’s veto threat to join united House Republicans.

NYTimes-1-15-15

The bill, which passed 271 to 154, follows two other measures approved in the last month that made changes to the 2010 Dodd-Frank financial law, but this one would be the broadest effort to shift course.

It would delay by two years a Dodd-Frank mandate that financial firms sell off bundled debt, known as collateralized loan obligations; exempt some private equity firms from registering with the Securities and Exchange Commission; loosen regulations on derivatives; and allow some small, publicly traded companies to omit historical financial data from their financial filings.  Read more

Categories: Economy, United States

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