Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
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Exactly, what kind of oversight do Republicans prefer????
March 14, 2011
"Congressional Republicans on Wednesday will stage their first outright challenge to 2010's Dodd-Frank financial regulation reforms with a fistful of bills favoring private equity firms, derivatives end-users and corporate CEOs.
After months of trying to defund and defang Dodd-Frank at the administrative level, Republicans are finally unveiling draft legislation that would repeal or amend parts of the laws approved after the severe 2007-2009 financial crisis.
One of the bills to be introduced would exempt private equity firms from registering with the U.S. Securities and Exchange Commission, as required under Dodd-Frank.
One of the Republican bills would amend Dodd-Frank in a way that would shield end-users of OTC derivatives from new central clearing requirements and the costs involved.
Another Republican bill would repeal a part of Dodd-Frank that requires public corporations to disclose the median pay of all their employees, the total pay of the chief executive officer and a ratio comparing the two numbers.
A fourth bill would repeal a Dodd-Frank provision exposing credit rating agencies, such as Moodys Corp or Standard & Poor's, to legal liability in cases where their ratings were found to be inaccurate.
A final bill, not dealing with Dodd-Frank, would raise to $50 million from $5 million the limit under which small companies may access the public capital markets without having to undergo the full SEC registration process.
So.....what's the issue....that Dodd-Frank deals with too-many of the factors that created the Bush-Era Meltdown?????
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