In a speech at the American Bankers Association Summit Tuesday, House FinancialServices Committee Chairman Rep. Jeb Hensarling (R-Texas) calledfor an end to the Dodd-Frank Act, but provided few details on howto make it happen.

Constantly referring to the Dodd-Frank Act as the ObamaFinancial Control Law, Hensarling said, “I will not rest untilDodd-Frank is ripped out by its roots and tossed on the trash-heapof history.”

He added that the law is a monument to the arrogance and hubrisof man in that its answer to incomprehensible complexity andgovernment control is yet more incomprehensible complexity and moregovernment control.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.