washington republicans u.s. house representatives vote thursday replace 2010 dodd-frank wall street reform law move expect die senate open door revamp eliminate regulations come 2007-09 financial crisis house passage choice act farthest republicans get far undo regulations say hurt small bank make government responsible bail big financial institutions fail republican president donald trump push deregulation across federal government next week treasury department expect release first series report lighten financial rule re-interpreting dodd-frank provision lawmakers near future could also approve small bits legislation undo specific measure dodd-frank one big achievements former president barack obama democrat early thursday senate bank committee chairman mike crapo republican say would hold several hear come months goal ultimately pass meaningful bipartisan reform package day national spotlight senate testimony former federal bureau investigation director jam comey fight repeal dodd-frank consume house bill approve along party line vote 233-to-186 four hours often-loud debate powerful democrat chamber california nancy pelosi describe legislation dastardly argument even spill house committee hear budget commodity futures trade commission democratic representative rosa delauro demand act cftc chair j. christopher giancarlo republican provide three examples write prove statement overregulation hurt economy author financial service committee chairman jeb hensarling republican choice act allow bank choose comply dodd-frank hold onto capital act mean address bankers concern many bank sector support consider require capital level high also american bankers association express disappointment bill retain dodd-frank limit debit card fee act restructure consumer financial protection bureau create guard fraud lend eliminate volcker rule limit trade activities bank also government would long able designate non-bank institutions systemically important trigger increase oversight congressional budget office non-partisan evaluator legislation estimate bill would save federal government 24 billion decade mostly lift government authority step unwind fail institutions republicans describe act jobs-creator say dodd-frank numerous requirements make impossible community bank lend small businesses say change independent cfpb would make agency accountable lawmakers democrats say legislation would bring another economic catastrophe eliminate vital check financial system say cfpb change include eliminate complaints database would make easy firm take advantage consumers along line house crisis millions trap mortgage could afford senate expect take bill entirety even though trump back senator elizabeth warren lead democrat initially conceive cfpb obama first choice lead expect rally opposition form filibuster change agency still crapo laud bill passage house significant thoughtful effort sign may include provision future bill choice act make positive move away government micromanagement return basic principles safety soundness market-driven principles say statement republicans take knife post-crisis wall street reform