As implementation of Dodd-Frank continues, some questions remain. Does Dodd-Frank permit our financial regulatory system to effectively handle all types of financial institutions, or did it impose a bank-centric regulatory framework capable of causing major problems for non-banks? Do regulators appreciate the difference between banks and non-banks? Do they have the legal flexibility to make appropriate distinctions?
Senators Sherrod Brown (D-OH) and Mike Johanns (R-NE) believe that Dodd-Frank may need to be changed to avoid substantial harm to non-bank entities, such as insurance companies. These two senators have introduced bipartisan legislation to address this issue. BPC hosted a Bridge-Builder Breakfast to hear their perspective and learn about their proposed solution to this problem.
The Honorable Sherrod Brown
U.S. Senator (D-OH)
The Honorable Mike Johanns
U.S. Senator (R-NE)
Director, BPC’s Financial Regulatory Reform Initiative
The Wall Street Journal