The House Financial Services Committee is holding two Dodd-Frank related hearings next week as part of Republican members’ agenda to eventually repeal the legislation, according to The Hill’s Floor Action Blog. Sounds kind of a like a not-so-happy birthday celebration for the act, which was passed in July 2010.
"Supporters of Dodd-Frank sold it to the public as 'tough Wall Street reform,' but in reality its red tape hurts businesses and small-town banks far from Wall Street that had nothing to do with the 2008 financial crisis," say the Republican committee members.
The hearings, scheduled by subcommittees, are titled "The Impact of Dodd-Frank on Customers, Credit and Job Creators" and "The Impact of Dodd-Frank's Home Mortgage Reforms: Consumer and Market Perspectives."
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