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Financial Services Committee

May 18, 2012 - House Financial Services Financial Institutions Subcommittee hearing entitled "The Impact of the Dodd/Frank Act: Understanding Heightened Regulatory Capital Requirements."

The Ranking Members of the Full Committee, Barney Frank, made the only opening statement in order to comment on the real purpose of the hearing. The subject matter was a review of a bill providing legislative relief to a New York financial institution, Emigrant Bank, in the form of an exemption to certain capital requirements contained in the Dodd/Frank law. Mr. Frank said he had no objections to the legislation but wanted to have a hearing to make sure there were no unintended problems with the bill.