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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP to Warren: Dodd-Frank rollback was just the appetizer
GOP to Warren: Dodd-Frank rollback was just the appetizer
12/19/14
(Bloomberg Politics) -- Representative Kevin Yoder, who spearheaded this weeks changes to the Dodd-Frank financial laws regulation of swaps transactions, has a message for Senator Elizabeth Warren: expect more pro-business changes in next years spending bills.
We have a created a model, the Kansas Republican said in a telephone interview with Bloomberg Government's Congress Tracker. This bipartisan success shows a pathway to solving other issues in the financial services area. The Yoder provision, inserted into the 2015 omnibus spending bill, will allow some companies to forgo spinning off their swaps activities to non-bank affiliates, and maintain access to federal assistance.
The hardball tactic of attaching Dodd-Frank language into an urgent spending bill could be replicated when the fiscal year ends and lawmakers again will be trying to get government funding in place by Oct. 1 to avoid a shutdown. Among other changes, Yoder wants to block funding for a U.S. Securities and Exchange Commission planned regulation to protect pension funds from getting investment guidance from financial advisers with conflicts of interest.
President Barack Obama, who signed the omnibus with the Yoder language on Tuesday, doesnt intend to allow more Dodd- Frank rollbacks to become law, Jeffrey Zients, director of the White Houses National Economic Council, told reporters Thursday.
The president will not allow Dodd-Frank to be watered down, Zients said....
http://www.lifehealthpro.com/2014/12/19/gop-to-warren-dodd-frank-rollback-was-just-the-app
12/19/14
(Bloomberg Politics) -- Representative Kevin Yoder, who spearheaded this weeks changes to the Dodd-Frank financial laws regulation of swaps transactions, has a message for Senator Elizabeth Warren: expect more pro-business changes in next years spending bills.
We have a created a model, the Kansas Republican said in a telephone interview with Bloomberg Government's Congress Tracker. This bipartisan success shows a pathway to solving other issues in the financial services area. The Yoder provision, inserted into the 2015 omnibus spending bill, will allow some companies to forgo spinning off their swaps activities to non-bank affiliates, and maintain access to federal assistance.
The hardball tactic of attaching Dodd-Frank language into an urgent spending bill could be replicated when the fiscal year ends and lawmakers again will be trying to get government funding in place by Oct. 1 to avoid a shutdown. Among other changes, Yoder wants to block funding for a U.S. Securities and Exchange Commission planned regulation to protect pension funds from getting investment guidance from financial advisers with conflicts of interest.
President Barack Obama, who signed the omnibus with the Yoder language on Tuesday, doesnt intend to allow more Dodd- Frank rollbacks to become law, Jeffrey Zients, director of the White Houses National Economic Council, told reporters Thursday.
The president will not allow Dodd-Frank to be watered down, Zients said....
http://www.lifehealthpro.com/2014/12/19/gop-to-warren-dodd-frank-rollback-was-just-the-app
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GOP to Warren: Dodd-Frank rollback was just the appetizer (Original Post)
RiverLover
Dec 2014
OP
ArcticFox
(1,249 posts)1. he should have vetoed it
He will never ever play hardball.
sendero
(28,552 posts)2. He's a People Pleaser..
... "compromise" is his middle name.
Fred Sanders
(23,946 posts)3. Yeah, sure doing a lot of compromise lately.
RiverLover
(7,830 posts)4. I'm not holding my breath. nt