Efforts to replace Dodd/Frank have officially begun. Jeb Hensarling, chairman of the House Financial Services Committee, introduced the bill yesterday.
The Financial CHOICE Act proposes to end taxpayer bailouts, impose tough penalties on financial fraud and provide for more accountability. It also proposes to reduce costs, hassles and provide more access to credit.
Treasury Secretary Mnuchin has voiced his support of the efforts to replace Dodd/Frank.