Hensarling to move Dodd-Frank replacement next week, eyes Fannie and Freddie

Via Billy

 

House Republican legislation meant to replace the 2010 Dodd-Frank financial reform law is headed to the floor soon, the chairman responsible for the bill said Thursday.

Rep. Jeb Hensarling, chairman of the House Financial Services Committee, told reporters that the panel is scheduled to vote on the sweeping legislative package Tuesday and the full House will vote on it "shortly thereafter."

Although there is not more definite timing for the legislative package, the timetable is moving up amid uncertainty about other top Republican legislative goals, such as repealing Obamacare.

And Republicans also are eyeing relatively swift action to overhaul the bailed-out government-sponsored enterprises Fannie Mae and Freddie Mac.

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