Barney Frank Talks Dodd-Frank
President Trump is intent on eliminating what he calls “job-killing regulation.” One of the president’s primary targets is the law known as Dodd-Frank, or The Wall Street Reform and Consumer Protection Act, passed by Congress in 2010 in response to the financial crash two years earlier. President Trump has promised to “do a big number on Dodd-Frank.” Democrats in the General Assembly say they’re worried about the impact in Maryland of cutting back financial regulation. They’ve introduced bills to set up a watchdog commission to monitor the effect and recommend state action. They’re holding hearings on that legislation today, and they’ve invited one of the authors and namesakes of the law, former Massachusetts Congressman Barney Frank, to testify. Barney Frank joins us.