McConnell Is Pessimistic Congress Will Overhaul Dodd-Frank
- He says Democrats uninterested in revamping financial rules
- Any big changes may fall to regulators, Senate leader says
McConnell Seeks Revenue-Neutral Tax Reform This Congress
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Senate Majority Leader Mitch McConnell said he’s pessimistic Congress will overhaul the Dodd-Frank Act because he doubts Republicans can secure enough Democratic votes to make major changes to the sweeping legislation that tightened oversight of banks after the financial crisis.
“I’d love to do something about Dodd-Frank, particularly with regard to community banks but that would require Democratic involvement,” Kentucky’s McConnell told Bloomberg News in an interview Tuesday. “I’m not optimistic.”