House GOP vows to offer Dodd-Frank overhaul bill by end of April

President Barack Obama announces the nomination of Richard Cordray as the first director of the CFPB on July 18, 2011/Wikimedia Commons

By Donna Borak | CNN Money

A top House Republican lawmaker plans to roll out a new draft of his bill overhauling the Dodd-Frank Act, the sweeping financial reform law passed by Congress in 2010, by the end of April.

In a statement to reporters Tuesday, a spokeswoman for House Financial Services Chairman Jeb Hensarling said he has set a deadline of unveiling an updated version of his bill to unwind the law “in the next few weeks.”

Until now, the Texas lawmaker and his staff have refrained from offering a specific timeline on when he might release his Dodd-Frank overhaul bill. Instead, the committee has been relaying the message that it could be “weeks” before a bill would be released — and by “weeks” that “could be two weeks or 52 weeks,” a lobbyist from a large bank told CNNMoney on Monday.

Powered by



Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories