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The U.S. House has approved a sweeping overhaul of bank regulations, sending to President Trump a bill that will give him a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Lawmakers voted 258-to-159 Tuesday to advance a measure that is the product of years of financial-industry lobbying to soften post-crisis rules and sensitive negotiations on Capitol Hill to attract bipartisan support needed to get it through the narrowly divided Senate.

The legislation would be the most significant overhaul of banking oversight to become law since Dodd-Frank was enacted in 2010 and may represent Congress’s last shot at dialing back financial regulation before midterm elections in November.

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