House GOP moving cautiously on Wall Street law rollback

From THE HILL:

House Republicans are taking a cautious approach to dismantling the Dodd-Frank financial reform law to avoid rattling the markets, a top Republican says.

While House Republicans made a broad bill repealing healthcare reform — another major piece of legislation from the last Congress — a top priority upon assuming the majority, the GOP is taking a much more deliberate approach in its effort to roll back financial reform.

Rep. Scott Garrett (R-N.J.), the chairman of the House Financial Services Committee’s Capital Markets subcommittee, told The Hill on Tuesday that Republicans opted against a broad Dodd-Frank repeal bill to avoid further confusing the markets with a legislative effort that likely would have died in the Senate…

Click here to read the full article.

Share