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The bill, already approved by the Senate, will almost certainly be signed by the president who has railed against financial regulation.
The CFPB, a target of GOP attacks, is the companys main regulator.
Nominee Scott Garrett, former GOP representative, has called for the bank to be shut down.
Democrats are uninterested in revamping financial rules, Senate Majority leader says.
Democrats want to make the fight a referendum on Glass-Steagall.
Measure would give banks relief from annual stress tests.