washington head u.s. house representatives bank panel unveil republicans ambitious plan far loosen financial regulations 600-page bill replace dodd-frank financial reform law representative jeb hensarling chair house financial service committee also set april 26 hear discuss replace 2010 law bit.ly/2omihl4 republicans eager work president end replace dodd-frank mistake financial choice act hold wall street washington accountable end taxpayer-funded bank bailouts unleash america economic potential texas republican say statement blueprint hensarling bill know time first introduce similar measure 2016 pass committee consider full house representative maxine water top democrat committee dismiss hensarling bill new version even bad chairman hensarling first draft allow become law much stake consumers economy large say statement early month 2010 dodd-frank law establish strict rule financial sector prevent repeat 2008 financial crisis republicans like hensarling well president donald trump believe regulations put undue burden businesses hold back economy restrict lend hensarling ambitious approach would eliminate huge portion dodd-frank face uncertain political future beyond house least eight democrats would need support financial reform bill senate pass major change propose hensarling expect industry experts garner type support instead senate expect take slow piecemeal approach revisit financial rule focus change could garner bipartisan support hensarling bill would make host change financial rule unite state example bank could significantly increase amount capital hold turn long adhere host exist dodd-frank rule hensarling bill also severely restrict power consumer financial protection bureau bring much strict oversight congress measure likely meet strict opposition democrats congress u.s. house bank chairman unveil dodd-frank replacement