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Congressman Heck opposes bill reforming Dodd-Frank finance law

Washington state Congressman Denny Heck says he would regrettably vote no on the bill despite his belief local banks and credit unions were struggling under the weight of regulations and rules need to be fixed, but the bill could not release the pressure small banks were under, that money laundering regulatory burdens were not addressed and an insurance provision would go against his goal of returning power to state consumer protection regulators.
Washington state Congressman Denny Heck says he would regrettably vote no on the bill despite his belief local banks and credit unions were struggling under the weight of regulations and rules need to be fixed, but the bill could not release the pressure small banks were under, that money laundering regulatory burdens were not addressed and an insurance provision would go against his goal of returning power to state consumer protection regulators.
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Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
961987024
Collection:
FedNet
Date created:
May 22, 2018
Upload date:
License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:01:20:11
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
hflr052218c.mov