GOP Denies 'Cynical' Effort To Gut Dodd-Frank Act

Law360, New York (March 16, 2011, 6:13 PM EDT) -- Republicans in the U.S. House of Representatives said Wednesday that proposed legislation to repeal parts of financial regulatory reform is designed to address negative consequences of the new law and not, as critics suggested, effect a return to dangerously deregulated markets.

Rep. Scott Garrett, R-N.J., said during a hearing in the House Financial Services Committee's Capital Markets and Government-Sponsored Enterprises Subcommittee that he hoped the five bills introduced to revise portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act would serve as a starting...
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