‘Big Number’ on Dodd-Frank Isn’t as Big as Republicans Wanted

U.S. lawmakers are set to give President Donald Trump a chance to make good on his vow to “do a big number” on the Dodd-Frank Act.

Legislation set for passage by the Republican-dominated House this week 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 package may represent Congress’s last shot at dialing back Wall Street oversight before midterm elections in November that could have a significant impact on the future of bank regulation. House leaders agreed to ...