Another "Repeal and Replace" Disaster

Another "Repeal and Replace" Disaster
AP Photo/Andrew Harnik

Between the Trump administration's grand plans for infrastructure and the looming congressional testimony of former FBI Director James Comey, this is shaping up to be quite a week. And just in case that wasn't enough, the House also plans to vote on whether to upend U.S. financial regulation.

The specific bill in question is the Financial CHOICE Act, spearheaded by Rep. Jeb Hensarling (R-Texas), the chairman of the House Financial Services Committee. It's basically an effort to repeal and replace Dodd-Frank, the sweeping financial regulation bill passed by President Obama and the Democrats in July 2010, two years after the financial crisis plunged the economy into a catastrophic recession.

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