Warner: Change Possible for Dodd-Frank Law

Thursday, 13 Jan 2011 12:29 PM

By Dan Weil

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There’s good news and bad news for conservatives, Sen. Mark Warner, D-Va., said Thursday on CNBC. The good news: The Senate may be open to making changes in last year’s financial regulation mark,warner,dodd.frank,regulation,repealreform law, he says, according to The Hill. The bad news: repeal of what's known as the Dodd-Frank legislation isn’t in the cards, says Warner, a member of the Senate Banking Committee.

"If there are ways that we can tweak it here or there, but I don't think overall repeal of Dodd-Frank," he says. "After that bill came through, I felt pretty good about it, because we got an equal amount of criticism from the left that the bill didn't go far enough as we did from the right that the bill went too far. So if I'm getting incoming from both sides, we may have struck the right balance."

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