By Yafit Cohn and Karen Hsu Kelley, Simpson Thacher & Bartlett LLP ( May 10, 2017, 11:25 AM EDT) -- The House Financial Services Committee recently approved an updated version of the Financial CHOICE Act, a bill designed to reverse many features of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Commonly referred to as the "CHOICE Act 2.0," this bill is the second version of a reform bill that was introduced last year by committee Chairman Jeb Hensarling, R-Texas. In addition to the financial regulatory reforms at the heart of the bill, the 600-page bill proposes several noteworthy modifications to U.S. Securities and Exchange Commission disclosure requirements and the U.S. corporate governance regime, which should be of interest to publicly traded companies....