Congress Approves First Big Dodd-Frank Rollback
The New York Times cited CEI’s John Berlau on the limitations of current deregulatory reforms in disassembling the Dodd-Frank Act, which burdens consumers, investors, and entrepreneurs.
Conservative groups that have been strong opponents of Dodd-Frank say more must be done to fix the regulatory overreach created by the crisis.
“The legislation unfortunately leaves intact the bulk of Dodd-Frank, including its most crushing burdens on consumers, investors, and entrepreneurs,” said John Berlau, a senior fellow at the Competitive Enterprise Institute, a libertarian think tank. “To provide real financial relief for Americans, much more is required of Congress, the president and regulatory agencies.”