11/30/2011

Rep. Barney Frank, D-Mass., has rejected speculation that his recently announced resignation might undermine the Dodd-Frank Act. "Once [Dodd-Frank] is fully implemented -- I think it will be in another year - it is much harder for people to get rid of because I think it will be popular," Frank said. "The easiest chance you get to strangle something is in the early stages." SIFMA's Kenneth Bentsen said he expects revisions to the Dodd-Frank Act but says the lawmaker's influence will be "lasting." "He’s been very engaged in the implementation process," Bentsen said. “I think he takes pride in ownership with this bill."

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CNBC, Boston Herald

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