House Republicans are warming up to a Senate bill that would loosen the banking rules put in place after the financial crisis.

The Senate is poised this week to pass the most significant changes to the Dodd-Frank Act since it became law in 2010. The bill has the support of more than a dozen Democrats, making it one of the few measures with a chance to become law this year.

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With the GOP searching for accomplishments to tout ahead of the midterm elections, House conservatives who once derided the Senate bill are taking a second look, suggesting they may be open to compromise.

“I want to do what’s good for Main Street. I’m a dealmaker, so maybe not everything’s in it, but maybe there’s something that we can be happy with in it,” said Rep. Roger Williams John (Roger) Roger WilliamsThe Hill's 12:30 Report - Presented by Facebook - Yoho apologizes for accosting AOC Ocasio-Cortez accosted by GOP lawmaker over remarks: 'That kind of confrontation hasn't ever happened to me' Cook shifts 20 House districts toward Democrats MORE (R-Texas). He had called the Senate’s plan a “non-starter” in December.

“I want to find a way to support it. We’ll see if we can get there.”

House Republicans have been skeptical of the Senate’s push to revamp Dodd-Frank. Conservatives said the Senate should instead take up the Choice Act, a sweeping rewrite of the law that the House passed last year.

But Senate Democrats are dead-set against the Choice Act, meaning the bill that passes the chamber this week could be the GOP’s only shot at changing Dodd-Frank before the midterms.

Rep. Dennis Ross Dennis Alan RossRep. Ross Spano loses Florida GOP primary amid campaign finance scrutiny Israelis and Palestinians must realize that each needs to give, not just take Court opens door to annexing the West Bank — and the consequences could be disastrous MORE (R-Fla.), a member of the House Financial Services Committee who expressed concerns with the Senate bill in December, said the GOP could boost the economy — and its message — by pairing their tax cuts with a Dodd-Frank rollback.

“That’s the tailwind we want to see going into this midterm, and I think that’s what the American people want to see,” Ross, a member of the GOP whip team, told The Hill. “You combine those things together, I think that’s something our leadership wants to see get done.”

The Senate bill, introduced by Senate Banking Committee Chairman Mike Crapo Michael (Mike) Dean CrapoBottom line Davis: The Hall of Shame for GOP senators who remain silent on Donald Trump Top GOP senator urges agencies to protect renters, banks amid coronavirus aid negotiations MORE (R-Idaho), would exempt roughly two dozen banks from stricter Federal Reserve oversight and a slew of smaller firms from lending and mortgage disclosure rules. It’s backed by a bipartisan coalition, including a filibuster-proof buffer of 13 Democrats.

“This is not the last chance for changes, but if this does not pass, it cements Dodd-Frank as is for the foreseeable future,” said a banking lobbyist backing the bill.

Senate Republicans had to step away from several GOP priorities to craft a bipartisan bill. Their measure doesn’t touch the Consumer Financial Protection Bureau, the controversial financial watchdog agency created by Dodd-Frank that Republicans oppose.

The Senate bill also maintains hard caps on levels of federal regulation instead of replacing them with tests preferred by the House that judge firms by risk. Republicans in the lower chamber have also taken issue with the Senate bill’s preservation of a process through which the federal government can dismantle a failing bank before it can cause a credit freeze.

House Republicans made those issues the foundation of their Dodd-Frank rewrite and have been loath to abandon them.

“This isn’t even a rewrite of Dodd-Frank. It’s a recalibration,” House Financial Services Committee Chairman Jeb Hensarling Thomas (Jeb) Jeb HensarlingLawmakers battle over future of Ex-Im Bank House passes Ex-Im Bank reboot bill opposed by White House, McConnell Has Congress lost the ability or the will to pass a unanimous bipartisan small business bill? MORE (R-Texas), the Choice Act’s sponsor, told The Hill.

Hensarling ceded that the Senate bill “will provide some significant pro-growth help” to smaller banks and credit unions, but said he’d reserve judgment on Crapo’s bill until it passes.

“We’re in fairly constant communication, but, you know, it’s his bill, not my bill,” Hensarling said.

Hensarling, who is retiring at the end of this Congress, is leading the Republican effort to amend the Senate bill to earn more House support. The chairman and Democratic sponsors of the Senate deal have been negotiating over adding amendments to Dodd-Frank that passed the House almost unanimously.

Republicans on the Financial Services Committee say that there are roughly 40 bills, some taken from the Choice Act, that could be added to the bill without issue.

“It’s important for those senators to recognize that the House, too, has done good work, and these are the bipartisan priorities of the House that do nothing other than complement their good work,” said Rep. French Hill James (French) French HillThe use and abuse of the IMF in the fight against COVID-19 Lawmakers ask Pelosi, McConnell to diversify coronavirus relief oversight panel Exclusive: Democrats seek to increase racial diversity of pandemic relief oversight board MORE (R-Ark.).

Senate Democrats said Tuesday they’re eager to bring the House in on the process, but won’t negotiate a new bill or accept major changes.

“If you go to a completely different bill in the House, what you’re actually doing is ensuring that nothing will happen,” said Sen. Joe Donnelly Joseph (Joe) Simon DonnellyNames to watch as Trump picks Ginsburg replacement on Supreme Court Momentum growing among Republicans for Supreme Court vote before Election Day Barrett seen as a front-runner for Trump Supreme Court pick MORE (Ind.), a Democrat up for reelection this year who is backing the Senate deal.

“What we’ve been trying to do is make sure that the House’s views are brought into this, made part of it, and that they can feel ownership of it.”

It’s unclear how much sway the House will have in the process. Hensarling has been adamant about reshaping Dodd-Frank and not just amending it. But senators who support the Crapo bill say it’s a fragile bipartisan compromise that could fall apart with too much tinkering.

Changes intended to sway the House were added to the bill through a substitute amendment from Crapo. The additions included several House bills meant to expand financing options for entrepreneurs, protect military veterans from fraud, create new student loan safeguards and mandate studies on various risks to the financial system.

“Those bills that get bipartisan support, we expect to be in the final package,” Hensarling said. “I don’t know any other way to put it.”

But time is running out to pass a Dodd-Frank bill. Liberals have railed against the measure, turning up the heat on the Senate Democrats who are backing it. Many of the Senate Democrats supporting the bill are facing tough reelections in states that voted for President Trump Donald John TrumpBiden leads Trump by 36 points nationally among Latinos: poll Trump dismisses climate change role in fires, says Newsom needs to manage forest better Jimmy Kimmel hits Trump for rallies while hosting Emmy Awards MORE in 2016.

“There will be tremendous pressure on the House to not sink any kind of compromise between this and the Choice Act. I think that would be folly,” said Sen. Heidi Heitkamp Mary (Heidi) Kathryn HeitkampCentrists, progressives rally around Harris pick for VP 70 former senators propose bipartisan caucus for incumbents Susan Collins set to play pivotal role in impeachment drama MORE (N.D.), another Democrat up for reelection this year who is backing the bill.

“This is a moment in time, and I think House leadership understands that.”