Frank’s Move Buoys Bankers
Roll Call Staff
Emboldened by House Financial Services Chairman Barney Frank’s move to limit the breadth of President Barack Obama’s proposed regulatory reforms for the financial industry, financial services lobbyists are turning up the pressure on moderate Democrats on the panel to push for more concessions. Their goal is to include a federal pre-emption provision in the legislation that would exempt banks from having to comply with state consumer protection laws.
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Schumer Advocates for Many on Panel
Nov. 16, 12 a.m.
As Senate Majority Leader, Lyndon Johnson once said of the Joint Economic Committee, “It’s as useless as tits on a bull.” But as that panel’s chairman during the 110th Congress, Sen. Charles Schumer (D-N.Y.) seized the opportunity to elevate the traditionally low-profile post to the forefront of shaping policy. Read Full Article
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