CEOs Ask White House To Drop Some Dodd-Frank Mandates

Law360, New York (March 7, 2012, 6:44 PM EST) -- A group of chief executives urged the Obama administration Wednesday to abandon several costly provisions of the Dodd-Frank financial overhaul bill, especially the much-maligned Volcker Rule, joining the chorus of industry insiders who claim burdensome regulation will derail the fragile economic recovery process.

By cutting existing red tape and walking away from new rules coming down the pipe, the U.S. could better compete with overseas rivals and focus on growing the economy and adding jobs, the group of about 100 chief executives say.

The executives, part...
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