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Financial Services Committee

Delaware's John Carney seeks to amend 2010 Wall Street reform law

"Rep. John Carney is playing a major role in a controversial effort to rework, and some say weaken, provisions of a landmark 2010 Wall Street reform law enacted in response to the Great Recession.

A bill co-sponsored by the Delaware Democrat would allow foreign branches and subsidiaries of U.S. financial institutions to follow financial regulations in their host countries and bypass U.S. rules.