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Mark Wetjen was subjected to fairly routine questions about his nominated position to be a member of the Commodity Futures Trading Commission.  Wetjen was introduced to the Committee by Majority Leader Harry... Read More
It was the Senate Banking Committee’s turn to note the one year anniversary of the signing of the Dodd-Frank law. But the hearing was hardly a celebration among members. Chairman Tim Johnson sounded a theme of “... Read More
Senate Banking Committee members critical of the Dodd-Frank rules took turns complaining about various aspects of the new law. The specific topic of the hearing, the establishment of the Consumer Financial Protection... Read More
This hearing gave Dodd-Frank Act opponents another opportunity to pursue the belief that the implementation derivatives regulations would prove too burdensome. Chairman Frank Lucus used his opening statement to say the... Read More
This was one of the few Dodd-Frank hearings to date that concentrated on the feasibility of a particular regulation- the mandate to create new swap-execution facilities (SEF) to bring derivatives trading into the... Read More
The first anniversary of the signing of the Dodd-Frank law served as the theme of this hearing’s review of the implementing its derivatives section. Ranking GOP member Pat Roberts set the tone in his opening... Read More
Yet another hearing providing critics of the Dodd/Frank Act with a forum to contend that the law did not end the bailouts for too-big-to-fail firms. Congressman Ed Royce cited a recent study indicating larger financial... Read More
This hearing was intended to draw attention to another criticism often used by opponents of the Dodd-Frank Act.  These critics argue the regulation of the derivatives industry will result in American firms... Read More
The Senate Banking Committee’s Securities Subcommittee conducted a wide-ranging hearing on the status of the securities markets in the aftermath of the 2008 financial crisis. In his opening remarks, Chairman... Read More
The stated purpose of the hearing was to examine a belief often used by Dodd-Frank critics that the law has not eliminated too-big-to-fail financial institutions. Opponents contend that by designated these firms “... Read More
The Subcommittee on General Farm Commodities and Risk Management quizzed Commodity Futures Trading Commission General Counsel Dan Berkovitz on the same subject. His testimony came barely two weeks after the full committee... Read More
Commodity Futures Trading Commission Chairman Gary Gensler was the only witness in a hearing demonstrating the Agriculture Committee’s continuing interest in the implementation of Title VII of the Dodd/Frank law. In... Read More
The Oversight Subcommittee’s first Dodd-Frank hearing was intended to focus on estimates that the regulations necessary to implement the Act could cost as much as $2 billion over the next ten years. The hearing... Read More
Capital Markets Subcommittee Chairman Garrett stretched the concept of a legislative hearing by convening with a wide-ranging panel to talk about perceived negative consequences of the Dodd-Frank law. ... Read More
In this hearing, the Senate Agriculture Committee members weighed in on the provisions of the Dodd-Frank law that imposed greater regulation of the derivatives industry. The chairmen of the Commodity Futures Trading... Read More
Now seven months into the implementation phase on the new Dodd- Frank law, the complexity of the issues and the sheer number of required regulations had unnerved the financial community.  This hearing underscored the... Read More
Secondary mortgage market reform is generally recognized as the unfinished business of the financial reform agenda.  This hearing provided testimony from a single witness, Treasury Secretary Tim Geithner, who ... Read More
The House Financial Services Committee moved to protect its political and jurisdictional interests by conducting one its first hearings on the implementation of the derivatives section of Dodd-Frank. In his opening remarks,... Read More
The House Agriculture Subcommittee on General Farm Commodities and Risk Management provided another early opportunity for business interest groups to make their case against the imposition of margin requirements if their... Read More
The House Agriculture Committee convened an early hearing looking at the implementation of Dodd-Frank's derivatives section. This section, one of the most important aspects of the financial regulatory reform effort,... Read More