Sep
08
Private Equity Tries to Chip Away at Dodd-Frank With House Bill
ByIn the wake of the 2008 financial crisis, private equity suffered a rare setback on Capitol Hill.
The Dodd-Frank Act, the sweeping legislation passed in response to the crisis, saddled the industry with new regulations. The largest private equity firms, which had operated for decades with relatively little federal oversight, suddenly faced regulatory exams and reporting obligations.
But the industry did not give up.
Six years after Dodd-Frank’s passage, these firms are now lobbying Congress to undo some of the recent requirements — and the House of Representatives appears poised to do so…
Private Equity Tries to Chip Away at Dodd-Frank With House Bill
