The House plans to reconsider a bill to amend the 2010 Dodd-Frank financial system overhaul, as well as a regulatory process reform measure, The Hill reported on Friday. House Democrats derailed the Dodd-Frank bill on the second day of the new Congress when it was considered under suspension of the rules. The fast-track process requires a two-thirds majority, which Democrats prevented. The legislation will subsequently be considered under a rule requiring only a simple majority next week. "This bipartisan bill will modernize the regulatory process, ensure transparency and reduce overly burdensome costs that are hurting job creators across the country," House Majority Leader Kevin McCarthy (R-Calif.) said on Friday.
