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Republican's plan to revamp Dodd-Frank highlights U.S. political divide
Reuters: The chair of the House Financial Services Committee has proposed getting rid of much of the regulation put in place after the financial crisis, unveiling a plan on Tuesday that ignited fierce debate in the presidential election but is expected to flame out in Washington.
In a sweeping speech at the Economic Club of New York, Republican Representative Jeb Hensarling, from Texas, laid out his ideas on weakening the 2010 Dodd-Frank Wall Street reform law just as polls opened in six states holding presidential primaries.
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