While Republicans lack enough votes in the Senate to pass legislation to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, there are other options.

Even though there are enough Republicans in the House to pass legislation, most bills in the Senate need 60 votes to become law. But the GOP holds just 52 of the 100 Senate seats.

So Republican lawmakers say they are considering a backup plan for dismantling parts of Dodd-Frank that would not require support from any Senate Democrats.


Source: Mortgage Daily