Posted 5 years ago on July 27, 2015, 5:46 a.m. EST by factsrfun
from Phoenix, AZ
This content is user submitted and not an official statement
"After seeking for months to win support from Democrats for legislation sponsored by Senator Richard Shelby that narrows the reach of the law, Republicans are considering adding their measure to a government spending bill, according to three people with knowledge of the matter who asked not to be named because the deliberations are private.
The move could further anger Democrats, who have argued that the legislation would roll back essential taxpayer protections put in place five years ago to prevent a repeat of the 2008 financial crisis. Democrats including Senator Elizabeth Warren of Massachusetts slammed Republicans and bank lobbyists last year after they included an easing of derivatives rules in a spending bill."
"Treasury Secretary Jacob J. Lew on Monday said that the administration would oppose efforts to remove Dodd-Frank regulations, especially through spending bills.