House Republicans sent a letter to regulators urging them not to rush rulemaking for the Dodd-Frank Act.
House Financial Services Committee Chairman Spencer Bachus sent the letter on Wednesday to bank regulators, Treasury Secretary Tim Geithner and Securities and Exchange Commission Chairman Mary Schapiro expressing concern that they were moving too quickly to implement the regulatory reform law. Reps. Jeb Hensarling, R-Texas, Scott Garrett, R-N.J., and Randy Neugebauer, R-Texas, also signed the letter.
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