The Logical Leftist
@logicallyleftist·273K subscribers·15.5K videos
Corporate Democrats Help Republicans Rip Apart Dodd-Frank
Posted
March 7, 2018
Views
1,408
Likes
40
Comments
8
Engagement
March 7, 2018
1,408
40
8
3.41%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
10:38Now PlayingHelp us cover the political revolution
"The core team of moderate Democrats that has been working to pass the legislation for years fought back Tuesday, calling out critics who they said were exaggerating the impact of the legislation.
“I am not going to let this legislative history get papered with misstatements about this bill,” Sen. Heidi Heitkamp(D-N.D.) said, vowing to “make sure that our bill is accurately discussed."
The bill — one of the few important bipartisan pieces of legislation to move through Congress — would peel back key parts of Dodd-Frank, the 2010 law that was one of former President Barack Obama's signature achievements, while leaving most of its regulations intact.
It has several elements aimed at scaling back lending rules. They include: relaxed mortgage regulations for small banks; broad exemptions from oversight for regional banks with up to $250 billion in assets; a mandate that the Federal Reserve tailor its rules for big banks; and easier capital and liquidity requirements for a number of the nation's largest lenders.
The bill includes a handful of consumer protections, such as a requirement that credit reporting companies like Equifax provide free credit monitoring to members of the military — a proposal that has alarmed conservatives who warn that it would expose the firms to lawsuits.
Democrats who helped draft the bill argue that the legislation is an overdue recalibration of Dodd-Frank that would help make it easier for small and midsize banks to provide credit, particularly in rural areas."
List of Democrats supporting the bill
Shop at Amazon & support TYT Nation!
Like Our Facebook Page!
Subscribe to our Network PartnerThe Young Turks.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
