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On Eve of Anniversary, Treasury's Lew Defends Dodd-Frank Act

“Treasury Secretary Jack Lew said Monday that the Obama administration will continue to defend the Dodd-Frank Act amid Republican efforts to water down the law, even as one of its namesakes suggested changes to it may be necessary.

"We have seen attempts to roll back key safeguards by slipping complex provisions into unrelated bills," Lew said in remarks at an event sponsored by the reform advocacy group Better Markets commemorating the fifth anniversary of the legislation.