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To Repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act

H.R. 46

Number of Co-Sponsors

2

Weight

3x

Bill Description

This bill, originally introduced by Rep. Bachmann (R-MN), would repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act by reviving or restoring the provisions of law originally amended by the Act as if it had not been enacted in the first place.

Liberty for All's Position

Dodd-Frank is a massive regulatory bill that expanded the federal government, empower bureaucrats to act arbitrarily with little to no oversight, and cost American jobs during the heart of a recession. In addition to its costs, the act failed to address inherent problems with the government takeover and taxpayer-funded liabilities of Fannie Mae and Freddie Mac. Dodd-Frank did not end "too big to fail" and empowered the government to place price controls on interchange fees. Under Dodd-Frank numerous governmental agencies were required to make over 200 new regulatory rules over the next 10 years. Accordingly, the market distorting effects of this costly legislation have just begun to be felt by the American economy. Liberty For All strongly supports repeal of this legislation as it is big-government at its worst. Dodd-Frank did nothing to address the problems that led up to the 2008 financial crisis and has consistently distorted and hampered the U.S. economy since its introduction.

Current Status

This bill was assigned to a congressional committee on January 3, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

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Name

Robert Aderholt

Republican Representative - AL 4

No

Justin Amash

Republican Representative - MI 3

No

Mark Amodei

Republican Representative - NV 2

No

Robert Andrews

Democratic Representative - NJ 1

No

Michele Bachmann

Republican Representative - MN 6

Yes

Spencer Bachus

Republican Representative - AL 6

No

Ron Barber

Democratic Representative - AZ 2

No

Lou Barletta

Republican Representative - PA 11

No

Garland Barr

Republican Representative - KY 6

No

John Barrow

Democratic Representative - GA 12

No

Joe Barton

Republican Representative - TX 6

No

Karen Bass

Democratic Representative - CA 37

No

Joyce Beatty

Democratic Representative - OH 3

No

Xavier Becerra

Democratic Representative - CA 34

No

Dan Benishek

Republican Representative - MI 1

No

Kerry Bentivolio

Republican Representative - MI 11

No

Ami Bera

Democratic Representative - CA 7

No

Gus Bilirakis

Republican Representative - FL 12

No

Rob Bishop

Republican Representative - UT 1

No

Sanford Bishop

Democratic Representative - GA 2

No