The Transom, Ben Domenech, March 11, 2017
“The Senate Banking Committee, led by Mike Crapo, on Thursday approved a measure about publishing research on exchange-traded funds, and a collection of other narrow bills with bipartisan support. In the House, the Financial Services Committee held a hearing about flood insurance, further stalling the rollout of Chairman Jeb Hensarling’s plan to eliminate laws enacted in response to the financial crisis of 2008. Reality is setting in on Capitol Hill that rolling back the Dodd-Frank banking law won’t be quick or easy — even though it’s a priority for Republican President Donald Trump, who says the measure is hurting the economy. Bank stocks have rallied partly because investors expect change.” Trump meets with U.S. community bankers, pledges to scale back regulations. See here for more.