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Republicans Lose House Vote on Bill Easing Dodd-Frank 

January 8, 2015

Billy House and Erik Wasson, Bloomberg

On the second day of Congress’s new session, U.S. House Republicans lost a bid to quickly pass legislation to relax some requirements under the 2010 Dodd-Frank financial regulatory law.

The measure would delay until July 2019 a provision of the law’s Volcker Rule intended to limit risky investments by banks, and make other changes.

The package was defeated because Republican leaders used a voting procedure usually reserved for non-controversial measures, requiring two-thirds support for passage.

Read More: Bloomberg

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