Posted on April 1, 2011
WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) today announced that he is cosponsoring legislation to repeal the Dodd-Frank financial regulation law, which he described as an “overwhelming barrage of regulations that have only hurt our nation’s recovery.” The repeal bill, S. 712, The Financial Takeover Repeal Act of 2011, was introduced by Senator Jim DeMint (R-S.C.).
"Washington’s reaction to the recent financial crisis was an overwhelming barrage of regulations that have only hurt our nation’s recovery. The fact is that Wall Street will be fine—the giant banks can afford to work around these regulatory burdens—but on Main Street, these regulations have made credit more expensive and harder to find and that makes it harder and more expensive to create new jobs."
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