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NEUGEBAUER TO CONSIDER BILL TO DELAY DODD-FRANK

Rep. Randy Neugebauer (R-TX), chair of the House Financial Services Subcommittee on Oversight, stated in an interview just before the New Year that he is considering introducing a bill that would mandate a one year delay on the implementation of Dodd-Frank.  The yearlong hiatus would allow legislators to more fully understand the impacts and consequences of the regulatory reform law.  In all likelihood, legislation of this nature would not go anywhere – once it passes the House, it would have a hard time passing the Democrat-controlled Senate and bypassing a presidential veto.  Interestingly, one of the first bills filed by Michelle Bachman (R-MN), a tea party favorite was a complete repeal of the Dodd-Frank bill, legislation that has even less of chance of passage than Neugebauer’s efforts.

Topics From Full Report Include:
GEITHNER URGES INCREASE IN DEBT LIMIT
SENATE BUDGET COMMITTEE GRILLS CHAIRMAN BERNANKE
MINNICK CONSIDERED FOR TOP BANKING REGULATOR POST
REGULATORS CONSIDER TIERED APPROACH TO VOLCKER RULE
WHITE HOUSE STAFFING CHANGES
SEC FUNDING PROBLEMS PERSIST
ISSA INTENDS TO USE OVERSIGHT PANNEL TO WEIGH INTO FINANCIAL SERVICES AREA
NEUGEBAUER TO CONSIDER BILL TO DELAY DODD-FRANK
CFPB SIGNS MOU TO COOPERATE WITH STATE REGULATORS
INVESTMENT ADVISER OVERSIGHT TO SHIFT TO STATES
BROKER-DEALER STUDY TO BE DELIVERED THIS MONTH

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