The Financial CHOICE Act was just passed by the House Financial Services Committee on a 34 - 26 party line vote.
See the Committee's release, these articles from The Hill and the LA Times, our report in yesterday's Society Alert (copied and pasted below for your convenience), and the Committee's CHOICE Act webpage for more information - including an executive summary, a comprehensive and legislative text.
May 3, 2017 Society Alert
Financial CHOICE Act (aka Dodd-Frank Alternative): Markup Begins
The House Financial Services Committee met in open session yesterday and again today to begin its markup of this amendment to the Financial CHOICE Act (H.R. 10) offered by Committee Chair Hensarling. The Committee will continue to meet on subsequent days if necessary to consider the bill.
See the section by section summary of the Act as introduced by Hensarling last week and additional information here; this article from The Hill; Covington's summary of key capital markets and securities law provisions; and numerous additional resources on our Regulatory Reform topical page.