(RECAP: The U.S. House Financial Services Committee is expected on Tuesday to pass a revamp of the Dodd-Frank Wall Street reform law, but the bill is not anticipated to receive President Barack Obama’s signature if it ever reaches his desk. The bill, introduced this summer by the committee chairman, Republican Jeb Hensarling, would allow banks to choose between complying with Dodd-Frank or meeting much tougher capital requirements. Dodd-Frank, which was passed in the aftermath of the 2007-08 financial crisis and economic recession, has been the target of ire by Republicans and some banks. Critics say Congress went too far in its attempt to clamp down on Wall Street and prevent another financial meltdown and that the law imposes overly burdensome requirements and gives regulators too much power. Corresponding legislation to Hensarling’s bill has not been introduced in the Senate.)