House bill would relax bank rules aimed at averting crash
WASHINGTON — The House neared approval Thursday of legislation easing bank curbs that Democrats imposed to prevent another financial crisis, as Republicans offered a symbolic preview of regulatory changes they plan to pursue after President-elect Donald Trump takes office.
The GOP bill targets the landmark Dodd-Frank law, which President Barack Obama and Democrats enacted to rein in Wall Street following the financial crisis of 2007 and 2008. Trump urged during his campaign that the 2010 law be dismantled, and his transition team has set that as a goal.