The US House just voted to repeal DODD FRANK

I just noticed on CNN that The House just voted to repeal Dodd Frank.

Any thoughts on how this is going to impact US Brokerages and US based traders?

https://money.cnn.com/2017/06/08/news/economy/house-dodd-frank-repeal/index.html

If so I guess they would remove FIFO and the non-arbitrage requirement.

They'll certainly be regulated a lot more loosely now.

Might make the US slightly more competitive internally, and maybe internationally (where the US brokers are miles behind many other countries due to cost and trading options), but the end result of this depends on the regulations.