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Controversy: Congressman Wants to Undo Dodd-Frank

from PIA Western Alliance

Rep. Jed Hensarling Texas Republican Representative Jed Hensarling is the chairman of the powerful House Financial Services Committee. Part of its jurisdiction is insurance and banking. He wants to tear up the Dodd-Frank Act and calls the Obama administration-based rules based on "faulty principle, faulty premise and faulty policy." So he's looking at changes that will dismantle the law that was the centerpiece of the president's banking-caused recession solution. more

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