GOP Lightens Dodd-Frank Reform to Buoy Markets

Wednesday, 16 Mar 2011 11:00 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House Republicans are treading slowly in their efforts to take apart the Dodd-Frank financial reform law. That’s because they want to make sure that financial markets remain stable during the process, Rep. Scott Garrett, R-N.J., tells The Hill. He's chairman of the House Financial Services Committee’s Capital Markets subcommittee.

dood-frank, reform, bill“Market certainty was so lacking prior to Dodd-Frank, and was just exacerbated by [the law],” Garrett said. “Simply saying that we were going to attempt to repeal the entire bill ... probably would have provided more harm than good.” In addition, the Democratic-controlled Senate likely would have shot down a strong repeal bill.

So Republicans will instead opt for specific changes that have a good chance of passage, Garrett said.



© 2014 Newsmax. 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

Expert: Immigration Order a Political Gamble for Dems

Friday, 21 Nov 2014 13:29 PM

President Barack Obama's decision to make an executive order on immigration amounts to a dangerous gamble for Democrats  . . .

Rep. Aaron Schock: Obama's Action Destroyed Trust

Friday, 21 Nov 2014 10:39 AM

President Barack Obama destroyed trust with Republicans by moving forward with an executive order on immigration that wi . . .

GOP Presidential Hopefuls Join to Denounce Amnesty, Promote Reform

Friday, 21 Nov 2014 08:15 AM

The prospective field of GOP presidential hopefuls has found one thing they agree on:President Obama is wrong to take ex . . .

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