Republicans are trying a new strategy for easing Dodd-Frank Act rules.
After seeking for months to win support from Democrats for Senator Richard Shelby's legislation to narrow the reach of the 2010 law, Republicans on Wednesday added the measure to a broader bill that funds financial regulators.
The move, which came after little debate in a Senate subcommittee, probably will further anger Democrats who have argued that Shelby's plan would roll back essential taxpayer protections put in place to prevent a repeat of the 2008 financial crisis. Senator Elizabeth Warren of Massachusetts slammed Republicans and bank lobbyists last year after they included an easing of derivatives rules in a spending bill.
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