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  • Barney Frank

    The Volcker Rule: Three Years and Nearly 1,000 Pages Later

    Five financial regulatory agencies have completed the final rules to implement the Volcker Rule, a regulation required by the Dodd–Frank bill that is supposed to protect taxpayers by restricting banks’ financial activity. The rule would prohibit banks from engaging in what’s known as proprietary trading—that is, making risky investments solely … More

    I Solemnly Swear to Support the Government?

    When lawmakers were debating how to end the federal government shutdown and whether they should authorize Washington to borrow even more money by raising the debt ceiling, Representative David Scott (D–GA) took to the floor of the House of Representatives and asked for a minute to speak. The legislation was … More

    A Constitution for the 21st Century

    Economists often point to the “wisdom of crowds”—the idea that a group of people is likely to make better decisions that an individual will. Then again, your mother probably taught you the importance of individualism when she admonished you that “if everyone else jumps off a bridge, would you do … More

    Morning Bell: Dodd-Frank Financial Regulations Strangling Economy

    Has your bank raised its fees or stopped offering free checking accounts in the last couple of years? If so, you can thank the regulatory boondoggle that is the Dodd-Frank financial law. Since its passage two years ago tomorrow, the number of large banks that offer free checking has declined … More

    Washington in a Flash: Dodd-Frank Anniversary No Cause for Celebration

    The Senate Banking Committee welcomes Rep. Barney Frank (D-MA) to testify on the first anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The financial regulation bill has contributed to higher unemployment by imposing needless regulation on small and large financial institutions. It has deterred investment by imposing … More

    Bad Brew Alert: Tea Party Being Hijacked by Progressives

    Congressman Barney Frank (D-MA) recently asserted that there is a “potential alliance” forming between Progressive and Tea Party lawmakers on the issue of defense spending cuts. Others have also noted this opportunity:  “Arguably, the new Tea Party push on defense spending merely echoes long-standing progressive attacks on the Pentagon budget … More

    Video: Barney Frank's Permanent TARP

    As early as today, the House is set to approve Rep. Barney Frank’s (D-MA) financial regulation bill intended to prevent future Wall Street bailouts by granting regulators sweeping new powers to control firms deemed “too big to fail.” But as Heritage Senior Research Fellow David John explains below, the Frank … More

    The Obama-Frank Systemic Risk Plan: Some Good and a Lot of Bad

    The Treasury Department and House Financial Services Committee Chairman Barney Frank have just released a highly complex 253 page draft bill that is supposed to deal with questions ranging from indentifying and dealing with systemic risk facing the financial services system, regulating and closing failing “too big to fail” financial … More

    Barney Frank: "We Are Trying on Every Front to Increase the Role of Government in the Area of Regulation"

    Last night on The Ed Show, Rep. Barney Frank (D-MA) debated Ralph Nader. Honesty ensued. Watch: [youtube]http://www.youtube.com/watch?v=uXPwr-MxvDQ[/youtube]

    Derivatives Bill: It’s Less Bad, but Still Bad

    Two House committees this week approved derivatives legislation that composes a significant part of the Obama Administration’s Financial Services reform plan. Remarkably, for a plan crafted significantly by uber-liberal Barney Frank (Chairman of the House Financial Services Committee), the bill is notably less bad than the Administration’s original proposal, but … More