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June 7, 2016

Pensions and Investments: Republican alternative to Dodd-Frank on tap

“A replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act was unveiled Tuesday by House Financial Services Committee Chairman Jeb Hensarling, R-Texas. 

“The Republican legislative proposal that will be introduced later this month would repeal the Volcker rule and reduce capital demands on banks; end taxpayer-funded bailouts and the concept of “too big to fail”; and retroactively repeal the Financial Stability Oversight Council’s authority to designate firms as systematically important financial institutions. It also calls for regulatory relief and tougher penalties for financial fraud.”


“Dennis Kelleher, president and CEO of Better Markets, a non-partisan, non-profit organization, called the proposed legislation ‘a missed opportunity’ to propose reforms that would have received bipartisan support.”


To read the full Pensions and Investment article click here.

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