Schumer Says He Can Block Trumps Efforts to Repeal Dodd Frank
Incoming Senate Minority Leader Chuck Schumer, drawing a line in the sand for the next administration, said he has the votes to stop President-elect Donald Trump from repealing the Dodd-Frank Act and the rules we put in place to limit Wall Street.
Schumer predicted that the Senates Democratic minority would get help from Republicans in any such fight. We have 60 votes to block him, Schumer said in an interview on NBCs Meet the Press.
As a candidate, Trump said he would scrap Dodd-Frank, Congresss attempt to legislate new rules that would prevent a repeat of the 2008 financial crisis. Following Trumps victory on Nov. 8, his transition team said it will be "working to dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.
Schumer Says He Can Block Trumps Efforts to Repeal Dodd-Frank - Bloomberg
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He better put on his suit of armor for a whole lot more than d-f.