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00:00Congressman you were just at a hearing on repealing parts of Dodd-Frank the financial choice act. Where does this stand and how likely is this to get done in the first year of Congress or Dodd-Frank needs to be fixed. We need to remove all the barriers to economic growth that we found in the Dodd-Frank Act for studying it for six years. Today we're having a comprehensive title hearing on everything regarding that. And we hope to go to markup. We're going to reduce the bills also separately so the Senate can find some things that they can also pass. What's the timeline on it. I'd like to see us market up in just the next few days and then have bills as I say that the Senate can also pick and choose from because we need to get some of the most pernicious effects of Dodd-Frank repealed such as making sure the CPB is constitutional. And then the president last week signed a series of executive orders including on the letter to study and examine the Orderly Liquidation Authority . Democrats say that this would make too big to fail worse . What's your response to that. Well the bill actually says look for big complex banks. We want to have them go through bankruptcy and not have the government picking and choosing which banks should be saved and financed by the government. And then in terms of tax reform do you have any concerns about how the administration is going to pay for their tax plan. Well I think the main thing is that we have a tax plan that makes America more competitive and it increases the speed of economic growth produces more opportunities for our citizens here. So that's number one. And then in terms of another bill you have Warren Buffett has spoken about this quite frequently regarding ETF. What is the status of this bill and what what are the chances of it getting traction in the Senate. I think we'll have traction the Senate Senator Heller is doing a good job promoting the text in the Senate and it allows consumers to get the research they need to understand the ETF exchange traded funds that they're investing in which is now one of the largest sections of the retail investment industry .

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Rep. Hill Says Dodd-Frank Needs to Be Fixed

Rep. James "French" Hill, an Arkansas Republican, comments on Dodd-Frank regulations and tax reform during an interview with Bloomberg's Kevin Cirilli. (Source: Bloomberg)

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