Repealing the sprawling Dodd-Frank banking reform legislation will be easier said than done, FoxBusiness reported on Friday. The Republican candidates who will appear Tuesday at the GOP debates in Milwaukee will undoubtedly find that out should they win the nomination and eventually defeat a Democratic opponent in 2016. The candidates have regularly taken aim at what they describe as the hyper-regulatory environment of the Obama administration, arguing that too much government oversight of business has stunted economic growth as the U.S. has struggled to recover from the 2008 financial crisis. The massive Dodd-Frank bill, a signature policy achievement of the Obama presidency, has been singled out for being too complicated and burdensome, and in some glaring cases — scaling down too-big-to-fail banks, for instance — having the exact opposite effect it was intended for. Many of the candidates have said in no uncertain terms one of their first priorities as president would be to repeal the extensive array of new regulations imposed on the U.S. banking industry under Dodd-Frank.
