How Republicans would change the Senate

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http://www.marketwatch.com/story/how-republicans-would-change-the-senate-2012-11-02?dist=beforebell

WASHINGTON (MarketWatch) — Bye-bye, Dodd-Frank. Hello, comprehensive tax reform.

An attack on financial regulations and a new push to overhaul the U.S. tax code are just two things analysts expect to see next year if Republicans take the Senate in Tuesday’s elections. At this point, that’s a big “if” — the GOP needs to gain four seats for a majority if President Obama is reelected, and three if Mitt Romney is chosen. Predictions range from no net change to Republicans adding four seats, so the battle for control is about as tight as the presidential race.

Here is a look at three committees important to investors and how they’d change if Republicans reclaim the upper chamber.

Banking

This committee and its chairman-in-waiting Richard Shelby of Alabama would play a big role in throwing out some of the Dodd-Frank rules on Wall Street, one of Romney’s stated goals.