On Thursday, Feb. 17, several regulatory heavyweights will testify before the Senate Banking Committee to give lawmakers an update on rule implementation related to the passage of the Dodd-Frank financial reform bill.
The financial regulators represent the agencies that were charged with seeing through the sweeping legislation that was passed in the wake of a financial market meltdown. This testimony falls roughly at the six-month mark since passage.
The testimony also comes amid an ongoing fight between Republicans and Democrats over the reach and intent of the reform. Despite Dodd-Frank having already been voted into law, that debate has gained steam following Republican gains in the House and Senate in last year's mid-term elections.