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GOP to advance bill aimed at unraveling Dodd-Frank next week 

April 26, 2017

Donna Borak, CNN

A top House GOP lawmaker is pressing ahead with his plans to roll back the 2010 Dodd-Frank financial regulatory reform, scheduling a markup of his bill next week, two people familiar with the matter told CNNMoney Monday.

Earlier this month, Sarah Rozier, a spokeswoman for House Financial Services Chairman Jeb Hensarling said the Texas Republican lawmaker had set a deadline of unveiling an updated version of his bill, dubbed the Finical Choice Act "in the next few weeks."

The committee is holding a hearing on the bill this Wednesday. Rozier declined to provide further comment on the committee's plans.

The latest version of Hensarling's bill would give the president authority to fire the heads of the Consumer Financial Protection Bureau, a consumer watchdog agency, and the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, at any time and for any -- or no -- reason.

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