Will Dodd-Frank reform get entangled in shutdown politics?
By Ian McKendry
In the current political environment, the idea that a dozen senators from the minority would join Republicans to support a limited bill to ease certain Dodd-Frank Act restrictions seems unusual. The brief government shutdown, setting up another budget battle in weeks, combined with the immigration debate and a variety of inter- and intraparty squabbles, does not bode well for bipartisan progress on substantive legislation. …”It is also going to depend on what amendments are going to be offered — where Republicans are going to take that bill too,” said Karen Shaw Petrou, managing partner at Federal Financial Analytics. “Crapo is going to have to hold his side as well. It’s better positioned than most bills, but anything that goes to the floor now faces a circular firing squad.”