Today marks the fifth anniversary of Dodd-Frank – a destructive law that has hit the economy with billions in new regulatory costs that have required the private sector to spend over 60 million hours on compliance instead of creating jobs.
The law has crippled community banks and increased the cost of lending for too many Americans.
We need to repeal Dodd-Frank and focus on stopping out-of-control regulators by enacting a National Regulatory Budget, which will cap – and reduce – the amount that regulations can cost the economy per year.
I support pro-growth, 21st century economic policies to make America competitive, not burdensome laws like Dodd-Frank that empower the federal government at the expense of innovation and economic growth.
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