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• The New York Times reports on how the US House of Representatives last week voted 233-186 to approve the Financial Choice Act, which "rolls back or weakens most of the protections put in place since the 2008 financial crisis through President Barack Obama’s Dodd-Frank Act."

However, as expected, the bill did not contain language that would have eliminated a cap on debit card swipe fees; retail industry executives had argued vociferously that those reforms needed to be maintained.

Not one Democrat voted for the bill, and only one Republican did not vote for it. The Times writes that "though it is very unlikely to gain the 60 votes it needs to pass in the Senate, important parts of it could pass through the budget reconciliation process."
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