Jack Lew Warns Againt Anti-Dodd-Frank Stocking Stuffers This Year

Even though he knows certain people are dying for 'em.
Author:
Updated:
Original:

He's checked his naughty list, and he's got bad news.

If it’s up to the Treasury Secretary, Wall Street gets no early Christmas presents in exchange for keeping the government open.

Republicans in Congress are backing legislation that would soften certain parts of the reforms, which were accomplished through the Dodd-Frank Act five years ago. They are now seeking to insert the changes into a spending bill that has to be passed by Dec. 11 to avoid a government shutdown….

“I have publicly made clear that my recommendation to the president would be that if there are legislative measures that will roll back the clock, that would take us back toward where we were before the financial crisis, I would recommend a veto,” Mr. Lew said via email.

Lew Vows to Resist Congressional Maneuvers to Weaken Dodd-Frank [DealBook]

Related