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TRENDING TAGS
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- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
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- Getting a Handle on Virtual Currencies - FINRA
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Barney Frank, Leader of Regulatory Reform, to Retire
November 28, 2011
Congressman Barney Frank, chair of the House Financial Services Committee for four years and the leader of financial regulatory overhaul known as “Dodd-Frank" says he will not seek re-election in 2012. The legislation which Frank helped draft was the biggest rewrite of Wall Street rules since the Great Depression.
Frank, who has served in the House since 1981, faced a potentially more difficult race in 2012, now that the 4th district has been redrawn to include more conservative towns
Frank was first elected to Congress 1980. He won his last election in 2010 with 53 percent of the vote, a far narrower margin of victory than expected.
His departure sets the stage for Rep. Maxine Waters of California to take the helm as the most powerful Democrat on the House Financial Services Committee.

