Dodd-Frank Repeal Less Likely After New Healthcare Bill Collapse

According to a recent Global Capital article, the recent failure to pass healthcare reform plans through the House of Representatives is making comprehensive financial reform through legislation less likely.

Prior to the failure of healthcare reform, the House Financial Services Committee had made known its intention to repeal a number of Dodd-Frank's provisions, if not the entire law itself. However, now even if Chairman Jeb Hensarling (R-TX) passes his new reform effort, the Choice 2.0 Act, House Speaker Paul Ryan (R-WI) will almost certainly be reluctant to bring it to the floor if another defeat looks likely, Global Capital explains.

Additionally, tax reform is said to be next on the Trump administration agenda, meaning Dodd-Frank reform could remain on the back burner.

SFIG strongly believes in the need for revisions to Dodd-Frank which incorporate a broad range of viewpoints of market participants. We remain engaged with members across all asset classes to prioritize issues and continue to meet with regulators and key lawmakers and staff to drive constructive reform.

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