November 16, 2016Blog Posts

House Foe of Dodd-Frank Says Overhaul Will Face Test in Senate

The New York Times:

A prominent Republican lawmaker on Wednesday laid out his agenda for restructuring the financial system in the next Congress, including his plan to roll back major portions of the Dodd-Frank Act. Representative Jeb Hensarling, Republican of Texas and chairman of the House Financial Services Committee, has long been a vocal opponent of the 2010 financial reform law. But he now has an ally in President-elect Donald J. Trump, who has repeatedly called for taking apart Dodd-Frank, and he has Republican majorities in both chambers of Congress.

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