House passes Dodd-Frank rollback
Seeking Alpha
Published Jun 08, 2017 05:17PM ET
House passes Dodd-Frank rollback
- The U.S. House votes mostly along party lines to pass a major rollback of Dodd-Frank regulations, but the legislation is certain to be substantially rewritten in the Senate.
- The House bill would unwind major parts of Dodd-Frank by relieving healthy banks of some regulatory requirements and forcing failing firms through bankruptcy rather than a liquidation process spearheaded by the regulators.
- ETFs: XLF, FAS, FAZ, KRE, VFH, UYG, KBE, IYF, FNCL, BTO, IAT, IYG, KBWB, QABA, FXO, SEF, KBWR, RYF, FINU, XLFS, DPST, KRU, FINZ, RWW
- Now read: Yellen Is Raising Rates. Should You Be Raising Your Stake In Banks?
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