House Panel’s Dodd-Frank Tweaks Won't Add Up to ‘a Big Number’
- Financial Services Committee is weighing a package of changes
- Piecemeal approach suggests big overhaul isn’t coming soon
Pedestrians pass in front of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
President Donald Trump promised to do “a big number” on the Dodd-Frank Act. But a slate of bills House Republicans will take up Wednesday shows how difficult it is to get anything big through Congress these days.
The House Financial Services Committee is set to consider almost two dozen legislative proposals targeting financial rules. Instead of gutting the Volcker Rule, shutting down the Consumer Financial Protection Bureau or enacting other sweeping overhauls, most would make incremental tweaks.