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US Congress passes bill favouring the roll back of Dodd-Frank regulations

Updated : May 23, 2018 05:16 PM IST

The Republican-led legislation garnered 33 votes from House Democrats.
Supporters of the bill say Dodd-Frank was too blunt an instrument in response to the financial crisis.
Backers of the legislation note that the Federal Reserve still will have the authority to apply tougher standards for banks.
US Congress passes bill favouring the roll back of Dodd-Frank regulations

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