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Flurry of bills and proposals seek regulatory reform

Joe Mont | June 16, 2016

Rather than taper off with the arrival of summer, battles over the U.S. regulatory regime are heating up.

Earlier his month, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) unveiled details of the Financial CHOICE Act, a Republican plan “to replace the Dodd-Frank Act.”

Among many other things, the legislation would:

  • Provide an “off-ramp” from the post-Dodd-Frank supervisory regime and Basel III capital and liquidity standards for banks that choose to maintain high levels of capital
  • Make all financial regulatory agencies bipartisan commissions and place them on the Congressional appropriations process
  • Repeal the SEC’s authority to eliminate or restrict securities arbitration
  • Repeal non-material, specialized disclosures, including environmental disclosures and the SEC’s conflict minerals rule and pay ratio rules.
  • The latest debates focus on a slate of “economic growth bills,” approved by...
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