WASHINGTON — Top lawmakers on the House Financial Services Committee debated the value of the Dodd-Frank Act in dueling reports on Monday, commemorating the financial reform law's fourth anniversary.

Reps. Jeb Hensarling, R-Texas, the chairman of the banking panel, and Patrick McHenry, R-N.C., released a committee staff report arguing that Dodd-Frank has failed to end concerns about "too big to fail" institutions.

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