Tags: BNK | BNSTAFF | BNTEAMS | BON | BUSINESS | CECO | CEN

House Republicans Ask Supercommittee for Dodd-Frank Overhaul

Friday, 14 Oct 2011 11:48 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Oct. 14 (Bloomberg) -- Republicans on the U.S. House Financial Services Committee urged a congressional supercommittee to consider overhauling the Dodd-Frank Act as part of an effort to reduce the federal budget deficit.

“Some 15 months after Dodd-Frank was enacted, many small businesses are starved for customers and credit; unemployment has soared to more than 9 percent; and for far too many American families, economic security seems further away than ever,” Representative Spencer Bachus, the Alabama Republican who leads the Financial Services panel, wrote in an 11-page letter to Representative Jeb Hensarling and Senator Patty Murray, the co- chairmen of the Joint Select Committee on Deficit Reduction.

Attached to the letter is an inventory of 24 measures aimed at reshaping, and in some cases repealing, large swaths of Dodd-Frank, the financial-regulation overhaul enacted last year. The measures include changes to the structure and funding of the Consumer Financial Protection Bureau, an expansion of exemptions from new derivatives regulations and repeals of the Office of Financial Research and requirements that private-equity firms register with the Securities and Exchange Commission.

To contact the reporter on this story: Phil Mattingly in Washington at pmattingly@bloomberg.net

To contact the editor responsible for this story: Lawrence Roberts at lroberts13@bloomberg.net

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Oliver North: ISIS Plans 'Major Attack' on US Embassy in Baghdad

Monday, 20 Oct 2014 20:28 PM

Retired Lt. Col. Oliver North says his sources inside Iraq are predicting a "major attack" on the U.S. Embassy in Baghda . . .

Al-Qaida to Its Readers: Target Western Oil Tankers

Monday, 20 Oct 2014 20:13 PM

How and where to strike at tankers delivering oil to Western countries is the subject of an article in a new English-lan . . .

Kasich: GOP Governors Don't See Obamacare Going Away

Monday, 20 Oct 2014 20:05 PM

While Republicans in Congress shout, "Repeal Obamacare," GOP governors in many states have quietly accepted the law's ma . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved