A new House Republican bill to fund the government includes key parts of the GOP Dodd-Frank replacement package the House passed this month, giving lawmakers another opportunity to try to put deregulatory legislation on President Trump's desk, the Washington Examiner reported yesterday. The fiscal 2018 financial services appropriations bill introduced by the House Appropriations Committee yesterday would extend Congress' control of the Consumer Financial Protection Bureau and prevent it from regulating payday lenders, among other measures. The bill also would repeal the Volcker Rule that prevents banks from speculating with insured deposits and eliminate regulators' new power to regulate non-banks that they think could pose a threat to the financial system.
