“We're going to be repealing and replacing Dodd-Frank. So we're getting a great deal done for the country," Speaker Paul Ryan said. | Saul Loeb/Getty Images Ryan touts Dodd-Frank rollbacks

Retiring House Speaker Paul Ryan on Wednesday pledged to scale back the 2010 Dodd-Frank law in his remaining months in Congress.

The House is considering legislation passed by the Senate that would roll back a variety of banking regulations.


"We ran on an agenda in 2016 and we've been executing that agenda," he said in an interview with Fox News. "We're two-thirds of the way through getting it done into law, even within the Senate as slow as they are. We're going to be repealing and replacing Dodd-Frank. So we're getting a great deal done for the country."

The bipartisan Senate legislation would not repeal and replace Dodd-Frank, but would make significant changes to the law. The House last year passed more sweeping repeal legislation, known as the Financial CHOICE Act, but it failed to gain traction with any Democrats. Ryan's spokeswoman did not immediately respond to a request to clarify his comments on Fox.

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House Republicans, with Ryan's backing, have refused to take up the Senate legislation until its sponsors agree to negotiate ways to expand it. Senate Democrats are threatening to kill the bill if the House makes changes.