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AirTalk

House unveils Dodd-Frank replacement, but will it go the way of ACA repeal?

By AirTalk Staff
Published Apr 20, 2017
WASHINGTON, DC - NOVEMBER 04: House Financial Services Committee Chairman Jeb Hensarling (R-TX) lowers the gavel on a hearing where Federal Reserve Chair Janet Yellen House testified in the Rayburn House Office Building November 4, 2015 in Washington, DC. Because the Obama administration has yet to appoint a vice chairman for supervision at the Federal Reserve -- as madated by the Dodd-Frank Law -- Yellen is assuming the semi-annual duty for reporting to the committee on the Fed's "supervision and regulation of the financial system." (Photo by Chip Somodevilla/Getty Images)
House Financial Services Committee Chairman Jeb Hensarling (R-TX) lowers the gavel on a hearing where Federal Reserve Chair Janet Yellen House testified in the Rayburn House Office Building.
(
Chip Somodevilla/Getty Images
)
Listen 23:07
House unveils Dodd-Frank replacement, but will it go the way of ACA repeal?

President Trump and Congressional Republicans have vowed to repeal the Dodd-Frank Act.

It was passed in 2010 to address the meltdown of US financial companies two years earlier. Democrats claim it's helped consumers and curbed riskier lending. Republicans say it's stifled banking competition and lending. AirTalk will debate a House replacement plan - and its chances for passage.

Guests:

Rob Tricchinelli, reporter covering financial regulation for Bloomberg BNA1; he tweets

Nicole Gelinas, senior fellow at the Manhattan Institute and a columnist at the New York Post

Joe Valenti, director of consumer finance at the Center for American Progress