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House May Vote on Dodd-Frank Changes in May

capitolThe U.S. House of Representatives could vote in May on a bill easing bank rules adopted after the 2007-2009 global financial crisis, a leading Republican lawmaker said on Monday.

The comments by Representative Kevin McCarthy, the House majority leader, marked the strongest sign yet a deal could soon be reached between the House and Senate to pass the first rewrite of the 2010 Dodd-Frank financial reform law.

The Senate voted 67-32 last month in favor of a bipartisan bill that would ease oversight of small and mid-sized banks.


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