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June 8, 2016

LA Times: House Republican unveils plan to overhaul Dodd-Frank financial reform law

“A top House Republican on Tuesday unveiled a sweeping plan to replace the Dodd-Frank financial reform law, which has been fiercely criticized as overly burdensome by GOP lawmakers and Wall Street executives. Rep. Jeb Hensarling (R-Texas), chairman of the House Financial Services Committee, called the 2010 law “a grave mistake foisted upon the American people” as he laid out the alternative that Republicans could seek if they win the White House in November.”

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Dennis Kelleher, president of Better Markets, a group that advocates stricter financial regulation, called the proposal “little more than a laundry list of every wish Wall Street and its lobbyists ever asked for.”

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To read the full LA Times article by Jim Puzzanghera click here.
 

 
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