Sponsored by House Financial Services Committee Chairman Jeb Hensarling (R-Texas), the CHOICE Act is the most ambitious Republican effort to roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010. Crafted by House Financial Services Chairman Jeb Hensarling, the bill is expected to pass despite vehement objections by Democrats to preserve the sweeping law aimed at preventing another financial crisis and protecting American consumers.
The United States House of Representatives pass a bill ending Dodd–Frank regulations. The bill now goes to the Senate where it is expected to not go through.