new york chair house financial service committee propose get rid much regulation put place financial crisis unveil plan tuesday ignite fierce debate presidential election expect flame washington sweep speech economic club new york republican representative jeb hensarling texas lay ideas weaken 2010 dodd-frank wall street reform law poll open six state hold presidential primaries hensarling also meet tuesday donald trump presumptive republican nominee call dismantle massive reform law trump campaign decline comment hensarling plan lawmaker tell fox business network tuesday would describe blow-by-blow meet trump say common grind dodd-frank meanwhile democrats likely nominee hillary clinton seek tie real-estate tycoon hensarling proposal clinton strongly oppose chairman hensarling donald trump efforts gut critical reform put place protect public financial crisis say adviser gary gensler head commodity futures trade commission dodd-frank pass republicans attempt roll back measure protect consumers curb excessive risk-taking wall street hillary clinton fight defend dodd-frank go beyond tough new rule strong enforcement accountability hensarling plan would allow bank choose comply dodd-frank meet much tough capital requirements would also throw volcker rule restrict bank make speculative investments eliminate authority financial stability oversight council consist regulatory agencies head designate firm systemically important also know big fail label trigger requirements hold capital abide strict regulations essence hensarling say plan involve far loss-absorbing capital far less federal control would also maintain law section derivatives keep consumer financial protection bureau create dodd-frank albeit change structure replace 89.7 percent dodd-frank hensarling joke expect plan preview video last week become law soon could pass republican-controlled congress would sign president barack obama also sign dodd-frank law tuesday white house spokesman josh earnest say reform enact crisis essentially guarantee taxpayers hook bail big bank risky bet go south obama leave office january vie replace include senator bernie sanders run democrat distinct view regulation wall street leave give us dodd-frank believe principle human nature self-destructive people except course fundamentally ignorant hensarling say demonstrate political charge ideas senator sherrod brown ohio democrat mention possible vice presidential pick shoot back republicans seek make life easy mega bankers tough ordinary americans senator elizabeth warren massachusetts democrat firebrand strong regulation say republicans congress debate whether run away trump far fast congressman hensarling sprint toward trump tower trump give clue would take apart dodd-frank might put place something agree dodd-frank impede economic growth hensarling tell fox business think well receive message think interest policy clinton propose break large bank take excessive risk charge institutions risk fee tax high-frequency trade create oversight shadow bank liberal candidate sanders go suggest reinstate glass-steagall law separate commercial investment bank jam ballentine head congressional relations american bankers association industry lead trade group say party agree part dodd-frank work law generate 24,000 page propose final rule inevitably include problems fix say statement republican 's plan revamp dodd-frank highlight u.s. political divide