House Republicans announced several proposals to change the Dodd-Frank Act as they and other critics of the law acknowledge that a wholesale repeal is not likely. Senate Democrats have indicated a willingness to modify parts of the law. "I am open to the idea of improving Wall Street reform by making technical corrections and fixing unintended consequences, but in today's political environment it is clear there will need to be broad bipartisan support to get anything approved," said Sen. Tim Johnson, D-S.D., chairman of the Senate banking committee.

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