Republican Bid to Gut Dodd-Frank Renews the Debate About Breaking Up the Banks
- Republicans poised to issue bill overhauling financial rules
- Democrats want to make fight a referendum on Glass-Steagall
Mnuchin Says He's Focused on Regulatory Reform
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The roll-out of legislation this week that would rip up much of the Dodd-Frank Act marks a pivotal moment for Republicans’ efforts to overhaul post-crisis financial rules.
It’s also an opportunity for Democrats to push an agenda that GOP lawmakers and finance executives are less keen to talk about: Breaking up Wall Street megabanks.