Dodd-Frank's July anniversary likely to keep Congress busy

July 7, 2015

WASHINGTON (7/7/15)--As Congress prepares for a busy four weeks before the August recess, the five-year anniversary of the passage of the Dodd-Frank Act looms large on the calendar.

This week will see the first in what is likely a series of hearings throughout the month on both sides of Congress examining the effects of the bill.

The House Financial Services Committee will start things off Thursday with a full committee hearing titled “The Dodd-Frank Act Five Years Later: Are We More Stable?” The hearing will examine the implementation and operation of Dodd-Frank, as well as its effect on financial services, consumers and the American economy.

The hearing is scheduled to begin at 10 a.m. (ET).

Other hearings CUNA will be monitoring this week include:

  • Wednesday, 10 a.m. (ET): Senate Banking Committee, “The Role of The Financial Stability Board in the U.S. Regulatory Framework;” and
  • Thursday, 10 a.m. (ET), House Judiciary subcommittee on regulatory reform, commercial and antitrust law, hearing on the Financial Institution Bankruptcy Act of 2015, legislation meant to facilitate the resolution of insolvent financial institutions in bankruptcy.

 Additional hearings on Dodd-Frank have been scheduled for this month by the House Financial Services Committee. “Dodd-Frank Five Years Later: Are We More Prosperous?” is set for July 28. A third hearing--“Dodd-Frank Five Years Later: Are We More Free?”--will be scheduled for a later date.