Draining The Dodd-Frank Swamp

The House just passed the Financial CHOICE Act, which enacts major reforms to the Dodd-Frank Act, signed into law by President Obama in 2010.

The 2,300-page Dodd-Frank Act was passed to fix what supposedly was broken in our financial system that led to the massive financial collapse in 2007.

The potential economic impact of the sweeping reforms of the Financial CHOICE Act are as far reaching as anything going on in Washington today. But you probably haven’t heard about it.

The press is filled with news about Russia, James Comey, Jeff Sessions. Yet hardly anything about this. Why?

One hint could be an editorial that appeared in The Wall Street Journal last December under the headline, “Guess Who’s Defending Dodd-Frank?”

The answer is the nation’s biggest banks.

…continue reading

 

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