What Dodd-Frank rollback could mean for energy sector, climate change

While everyone was watching James Comey’s testimony in the Senate on Thursday, the other side of the Capitol was more quietly (but also consequentially) passing a piece of legislation that would have far-reaching financial implications if it becomes law.

The bill is called the Financial Choice Act, and it passed the GOP-led House in a 233-to-186 party-line vote. The legislation is designed to dismantle much of the 2010 Dodd-Frank law signed by President Barack Obama and passed by a Democrat-controlled Congress in the wake of the financial crisis.

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