The GOP Plan to End Wall Street Bailouts
Rep. Jeb Hensarling, R-Texas, proposes a reform package to repeal and replace most of the president's marquee financial regulations
By Heritage Foundation --Philip Wegmann—— Bio and Archives--June 7, 2016
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House Republicans are priming the pump for the next president to overhaul much of the financial regulation enacted in the aftermath of the 2008 global market downturn. The GOP plan would repeal and replace most of the Dodd-Frank financial overhaul with a more market-based regulatory scheme.
As part of the GOP’s “A Better Way Agenda,” House Financial Services Chairman Jeb Hensarling, R-Texas, was scheduled to unveil details of the simpler, yet stricter, regulation Tuesday morning at the Economic Club of New York.
“In a phrase,” he said, summarizing the Republican plan in prepared remarks obtained by The Daily Signal, “we need economic growth for all and bank bailouts for none.”
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