GOP's Dodd-Frank Repeal Bill Offers SEC Juicy Bone
Law360, New York (June 7, 2016, 10:11 PM EDT) -- The Republican plan to replace the Dodd-Frank Act, unveiled Tuesday by Rep. Jeb Hensarling, would give the U.S. Securities and Exchange Commission more leverage in enforcement actions by increasing its ability to extract penalties, experts said, while provisions allowing respondents to move cases to federal court likely wouldn't slow the agency down much.
The coming legislation outlined by House Financial Services Committee Chairman Hensarling, R-Texas, would usher in a number of regulatory changes designed to replace the Dodd-Frank Act, including provisions that would allow banks to maintain higher capital levels in exchange for escaping other financial regulations.
But experts said it...
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