Monday, January 10, 2011

Rep. Bachmann Seeks Repeal of Dodd-Frank Bill

Rep. Michele Bachmann, R-Minn., has announced plans to introduce legislation repealing the Dodd-Frank financial services reform law, passed last July.

The Dodd-Frank bill includes the NonAdmitted and Reinsurance Reform Act (NRRA), which was viewed as a non-controversial portion of the overall financial reform legislation. As a House bill Rep. Bachmann was a co-sponsor of the NRRA.

While Republicans are the majority party in the House of Representatives, Democrats retained control of the Senate and are not viewed as supporting repeal.

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