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Economy

Banks see promise in GOP Dodd-Frank replacement effort

By Joseph Lawler
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Banks see promise in GOP Dodd-Frank replacement effort

The financial industry is bracing for a House Republican bill to replace President Obama’s financial reform law this month, seeing opportunity in the effort even thought it has no chance of passage this year with Obama in office and the political environment hostile to Wall Street.

Jeb Hensarling, the chairman of the House Financial Services Committee, will introduce the measure on June 7 in an address at the Economic Club of New York.

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Congress Dodd-Frank Act Finance Jeb Hensarling Joseph Lawler Lobbying Minusextra