Banking

Dodd-Frank Legislation
The recent Republican House effort to undo the regulation of big banks enacted after the Great Recession is a bad idea.

While some limited amendment of the Dodd-Frank banking legislation allowing more flexibility for local community banks can benefit the economy, the recent Republican House effort to undo the regulation of big banks enacted after the Great Recession is a bad idea. The “Volker Rule” must remain in place to discourage the kind of reckless practices by the larger national banks that contributed to the last financial crisis and Great Recession of 2008 and to eliminate the need for future federal bailouts financed by the taxpayers.

I would oppose the House Republican effort to significantly roll back the Dodd-Frank law.

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