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.
Monday, January 10, 2011
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