Today, Financial Services Committee chairman Barney Frank (D-MA) released the following statement on Senate Banking Committee chairman Chris Dodd’s financial reform substitute:
“Senator Dodd has put forward a thoughtful, comprehensive bill which will, once the Senate has acted on it, form a very solid basis for a House-Senate conference, to produce the tough regulatory reform that President Obama has rightly asked for. There are some differences between the House-passed bill and Senator Dodd’s version, but they are more alike than they are different. I believe that we will be able to work constructively together to meet the public need for a tough, comprehensive bill.”
