April 6, 2011
Rep. Barney Frank (D-MA) denied collaborating with GOP colleagues on technical changes to the Dodd-Frank bill and jokingly blamed the rumors on an impersonator, according to The Hill.
CQ Today reported a day earlier that Rep. Spencer Bachus (R-AL), chairman of the House Financial Services Committee, said he had discussed with Frank multiple edits to the financial reform package.
“I would like to investigate the individual who is apparently impersonating me in the Capitol and has fooled Spencer Bachus into thinking he has been dealing with me,” he said in a statement. “I’ve read in the media that Chairman Bachus and I were discussing technical fixes to the financial reform law, including to a provision regarding rating agencies. In fact, several weeks ago I had one conversation with him about changes I would like to make to the provision on interchange fees.”
Frank added that he was not aware of any other related discussions in progress. However, he did this week voice his support for the legislation to delay the Fed’s debit interchange proposal going to effect this summer. (Read more) The GOP has been campaigning to reduce the scope and strength of the Dodd-Frank bill, including its provision for the establishment of the Consumer Financial Protection Bureau.
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