House Financial Services Committee, this month is planning on working to dismantle the Dodd-Frank financial reform law.

According the the Hill, stated by Republicans; this legislation enacted in 2010 has excessive rules imposed on consumers and financial service companies.

“Supporters of Dodd-Frank sold it to the public as ‘tough Wall Street reform,’ but in reality its red tape hurts businesses and small-town banks far from Wall Street that had nothing to do with the 2008 financial crisis.”

The committee will hold at least two hearings on Dodd-Frank in the coming week.

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source from House Republicans Focus on Undoing Dodd-Frank Law.