SIFMA and Trade Groups Submit Letter to Congress Urging Support for Technical Corrections to Dodd-Frank

Multiple trade associations, including SIFMA, the American Bankers Associations, the Financial Services Roundtable and the Credit Union National Association (collectively, the "Associations"), submitted a joint letter to Congress, urging support for recently introduced bipartisan legislation that includes technical corrections to Dodd-Frank (H.R. 5461).

According to the Associations, the ongoing implementation of Dodd-Frank "has revealed unintended consequences that have adversely impacted job creation and economic growth." The Associations stated they believe that H.R. 5461, which contains the text of three bills previously approved by the House as well as one bill recently passed by the Senate, will fix these unintended consequences.

The Associations urged Congress to support the bill "to help foster job creation and economic growth."

See: Associations' Joint Letter to Congress; SIFMA Announcement.