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May 31, 2016

Wall Street Eyes Dodd-Frank Changes in Spending Bill

A spending bill that funds watchdog agencies overseeing Wall Street will offer lawmakers one of their last opportunities to undercut President Barack Obama’s signature financial overhaul before the November elections.”

“Financial interests are pushing for big changes, championed mostly by Republicans, to the Consumer Financial Protection Bureau in the $21.7 billion House Financial Services draft appropriations bill . The debate will also give Democrats a chance to rail against big financial firms and reinforce a popular campaign trail refrain.”

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“This particular bill is a magnet for Wall Street’s lobbyists and Wall Street’s allies,” said Dennis Kelleher, president and CEO of Better Markets and a proponent of Dodd-Frank.

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To read the full Roll Call article by Kate Ackley click here.

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