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  • Dodd-Frank

    Bankruptcy Is Better Than a Bailout

    Today Senators John Cornyn (R–TX) and Pat Toomey (R–PA) introduced the Taxpayer Protection and Responsible Resolution Act to begin repairing some of the damage caused by the Dodd–Frank regulations. The 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act increased regulations on virtually every aspect of the financial sector and … More

    How President Obama Is Killing Jobs

    Five years on and President Obama still refuses to assume responsibility for his woeful economic record. The buck stops with Republicans, other countries, changes in the weather, etc.—anywhere but the Oval Office. Of course, it’s not new having a chief executive who refuses to admit failure. What is rare is … More

    Cloakroom: October 28 – November 1

    House  Analysis: This week the House may consider two bills that would amend Dodd-Frank, the Retail Investor Protection Act and the Swaps Regulatory Improvement Act.  On October 30, conferees from the House and Senate will meet to begin conferencing the House and Senate farm bills. Major Floor Action: H.R. 2374 – Retail Investor Protection … More

    CBO Long-Term Budget Outlook Shows Tax Hikes Unnecessary—Again

    The Congressional Budget Office (CBO) released its long-awaited long-term outlook on the budget today. As surely as the sun rises in the east, it shows there is no need to raise taxes. According to the CBO, federal tax revenues will reach 18.5 percent of gross domestic product (GDP) in 2023, … More

    ANALYSIS | Obama’s Economic Speech: Another Summer Rerun

    President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering new solutions that could revive the dormant economy and put people back to work, the President offered the same old policies that have already failed, … More

    A Band-Aid for Derivatives Trading

    American regulators yesterday agreed, both internally and with the European Union, on how to deal with the trading of financial derivatives beyond U.S. shores. The EU and U.S. essentially decided to treat each other’s rules as “close enough.” While the decision has some value, it continues to miss the point. … More

    Housing Finance Nominee: Expect Big Government Housing Policies Doomed to Fail

    President Obama nominated Representative Mel Watt (D–NC) as new chief regulator to the Federal Housing Finance Agency (FHFA), replacing the current acting director Edward DeMarco. Watt has strong support from liberals in both the House and the Senate as a longtime member of the House Financial Services Committee and advocate … More

    Morning Bell: Remember the Economy? It's Still Bad

    According to a poll earlier this year, voters have a higher opinion of cockroaches than Congressmen. President Obama’s personal popularity remains solid, but his job approval rating is going down. Why are our elected officials unpopular? It might just be because they are not listening. In poll after poll, the … More

    Small Business Owners to Congress: Fix the Debt with Entitlement Reform

    The National Small Business Association’s economic report finds, “The growing national debt is the number one thing small businesses thin[k] Congress and the administration should address.” Small businesses employ the majority of American workers and are vital to the innovation that grows the American economy. After a severe recession, the … More

    Dodd-Frank: Dismal Findings on Rulemaking

    Two recent reports document anew the failure of federal agencies to meet the extensive rulemaking requirements of the Dodd–Frank statute. The regulatory backlog highlights how unworkable the law is for both bureaucrats and businesses. As of February 1, a total of 63 percent of the rulemaking deadlines have been missed, … More