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Lobbyists not only fought against the sweeping regulatory power of a broad Dodd-Frank Act, but even after its passing in 2010, have continued to conduct
Lobbyists not only fought against the sweeping regulatory power of a broad Dodd-Frank Act, but even after its passing in 2010, have continued to conduct efforts to gut the legislation. In 2018 these lobbying groups were successful by having the U.S. Senate and House of Representatives pass a bipartisan measure that would exempt dozens of banks with less than $250 billion in assets from yearly Federal Reserve stress tests or higher capital requirements meant to ensure risky firms could weather a lending crisis (Bryan, 2018). President Trump soon ratified the bill into law
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