WASHINGTON – The House Financial Services Committee will be holding a hearing today examining the five-year anniversary of the Dodd-Frank Act. The hearing, titled, “The Dodd-Frank Act Five Years Later: Are We More Stable?,” will be heard by the full committee. Among those scheduled to testify are Paul S. Atkins, Chief Executive Officer, Patomak Global Partners LLC and former Commissioner of the U.S. Securities and Exchange Commission; Dr. Mark Calabria, Director of Financial Regulation Studies, Cato Institute; Damon A. Silvers, Director of Policy and Special Counsel, American Federation of Labor – Congress of Industrial Organizations, and Professor Todd J. Zywicki, Foundation Professor of Law and Executive Director of the Law and Economics Center, George Mason University School of Law.
The Dodd-Frank Act, which was written and passed in the wake of the meltdown on Wall Street, the mortgage industry, numerous large banks and the recession, also created the Consumer Financial Protection Bureau. Other hearings on Dodd-Frank have also been scheduled by the committee for later this month.