In a preview of Senate Democratic opposition to the HouseRepublican Financial CHOICE Act. Sen. Elizabeth Warren(D-Mass.) on Friday called the bill an “insult to workingfamilies.”

“This bill doesn’t solve a single problem,” Warren said at aHouse Financial Services hearing on Chairman Jeb Hensarling’s planto overhaul Dodd-Frank.

She said that access to credit is at a historic level, as arebank profits.

She said that Republicans are intent on rolling back reformsinstituted by Dodd-Frank, adding that the legislation is “animmoral choice.”

Friday’s hearing featured opposition to the legislation.Financial Services ranking Democrat Maxine Waters (D-Calif.) onWednesday invoked a committee rule that allows Democrats to hold ahearing.

Waters was blunt in her opposition to the bill. “It’s not just abad bill,” she said. “It’s an expansively bad bill.”

She criticized Republicans for only holding one hearing before aMay 2 markup of the bill, saying that it “sure makes it look likethey’re hiding something.”

Rob Randhava, senior counsel, Leadership Conference on Civil andHuman Rights, said that polls show that Americans support the typeof financial regulatory regime found in Dodd-Frank.

“Rest assured,” he said. “The public is not clamoring for thisbill.”

But House Financial Services Chairman Jeb Hensarling (R-Texas)said Friday that Democrats opposing his bill are joining WallStreet CEOs in defending Dodd-Frank.

"The Financial CHOICE Act ends bailouts for Wall Street andimposes the toughest penalties in history for those who commitfinancial fraud and insider trading,” he said. “Community banks andcredit unions are supporting the Financial CHOICE Act.”

The House is likely to pass Hensarling’s bill, but it isunlikely that the Senate will include much of the legislation inany Dodd-Frank legislation his committee considers.

Senate Banking Chairman Mike Crapo has said he wants to passbipartisan legislation in the Senate. And any partisan legislationcould be blocked by a filibuster in the Senate. Under thosecircumstances, it would need 60 votes to pass.