Is the US dismantling Dodd-Frank?

President Obama signs the Dodd-Frank Act
President Obama signs the Dodd-Frank Act, with senators Barney Frank (far right) and Chris Dodd (second from right) looking on
Nancy Pelosi

We all live in and with the ‘political economy’, and financial regulation is certainly a highly visible and important part of our economy. A recent event in the US political economy that affects banks is the enactment of legislation modifying the Wall Street Reform and Consumer Protection Act,1 commonly referred to as the Dodd-Frank Act  after its sponsors in Congress. The call to “repeal Dodd-Frank”, frequently heard in recent years, came from several political agendas, but also from lobbying

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