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Sherrod Brown
Republicans in Congress begin new effort to water down Dodd-Frank law
Republicans in Congress begin new effort to water down Dodd-Frank law

Boosted by their November election gains, congressional Republicans have launched a new effort to weaken, bit by bit, a law that dramatically expanded federal oversight of the financial system after the Great Recession. On Wednesday, the Republican-controlled House is expected to pass a package of bills making changes to the 2010 law, known as Dodd-Frank, which also created a powerful new agency to protect consumers. The law was enacted over nearly unanimous opposition from Republican lawmakers. Many despise Dodd-Frank almost as much as they do Obamacare because they believe it's an overreaction to the 2008 financial crisis and an unnecessary burden on business. Now that...

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