House to vote on bill to change Dodd-Frank again next week

The House plans to reconsider a bill to amend the 2010 Dodd-Frank financial system overhaul, as well as a regulatory process reform measure.

House Democrats derailed the Dodd-Frank bill on the second day of the new Congress when it was considered under suspension of the rules. The fast-track process requires a two-thirds majority, which Democrats prevented. 

{mosads}The legislation will subsequently be considered under a rule requiring only a simple majority next week.

In addition, the House will vote on a bill to require federal agencies to adopt the least expensive method to implement laws. 

“This bipartisan bill will modernize the regulatory process, ensure transparency and reduce overly burdensome costs that are hurting job creators across the country,” House Majority Leader Kevin McCarthy (R-Calif.) said Friday.

The House will also consider a spending bill next week for the Department of Homeland Security, with expected amendments regarding President Obama’s executive action to delay deportations of illegal immigrants.

Both the House and Senate will be in session only Monday through Wednesday next week due to the joint Republican retreat in Hershey, Pa., on Thursday and Friday.