dodd-frank was needed to crack down on risky behavior and for the most part, dodd-frank has been successful. but like all major bills, dodd-frank had some unintended consequences. since its passage, small business lending has declined by 41%. that is why our bill is needed to bring more capital to main streets across america and to protect community banks from further consolidation. our bill provides small to mid sized banks and credit unions with more flexibility to meet the unique needs that communities serve. and it cuts the red tape to keep our local banks competitive and it includes critical consumer protection provisions to better protect our veterans, our seniors, and this bipartisan bill makes it easier for young families to purchase their first home. it helps family farmers and ranchers secure the capital that they need to survive a tough year when mother nature doesn't cooperate. it helps small businesses and startups secure the funding that they need to grow their businesses and create more jobs, and it protects the small banks that serve as a cornerstone of rural communities fro

i think there's a show business ken dodd and i think there's a thinking ken dodd.genous zone is? i said, "i know you can't park there." ladies and gentlemen, please welcome ken dodd! when he walked on, the place used to go up and he hadn't even said anything yet. now, that doesn't happen very often. how tickled we were. how tickled we are. he would fire the gags out at you like a machine—gun. in 1965, he was at the top of the charts. only the beatles outsold him. we call it "hur" in liverpool, thejudy with the "fur hur". # tears for souvenirs... and home was the house he was born in, in knotty ash in liverpool, and where he finally married his partner anne just three days ago. i've been overwhelmed by love and affection, which i have already received from dear friends and the public. i thank you all for being here. he also famously had his troubles with the inland revenue. he was eventually acquitted. the job i fancy is chancellor of the exchequer — at least i'd be reunited with my money! ken dodd — one of our last links to the world of music hall. an era really ha

since dodd frank we have lost about 14% of our smallest banks. banking assets have decreased and the five largest u.s. bank which don't benefit from our bill appeared to absorb much of the market m share. what i have said consistently dodd frank was sought -- supposed to stop too big to fail now it is too small to succeed. the big banks of the bigger the passage of dodd faith in the small banks have disappeared. and they have retreated from the traditional role of relationship lending out of fear from regulation and they can be doing something wrong and then fear for the cost of regulation working toward compliance. so i want to make one simple point this bill is not written bankers or lobbyists if it were it would be a completely different bill it actually provide to wall street bankers gives relief to those institutions whether regional or small community bank to be effective competition for the larger institutions in thee country. so it is absolutely essential we'd set the record straight that this bill is to give our relationship institutiona

since the passage of dodd-frank, the united states has lost about 14% of its smallest banks. meanwhile, small banks' share of u.s. domestic deposits and banking assets have decreased, and the five largest u.s. banks, which don't benefit from our bill, appear to have absorbed much of this market share. what i have said consistently is dodd-frank was supposed to stop too big to fail, and the net result has been too small to succeed. the big banks have gotten bigger since the passage of dodd-frank, and the small banks have disappeared, and they have retreated from their traditional role of relationship lending, first out of fear for regulation and that they might be doing something wrong, and then out of fear for the cost of regulation if they are going to work towards compliance. so i want to just make one simple point. this bill was not written by wall street bankers. it was not written by wall street lobbyists. if it were, it would be a completely different bill. this bill would actually provide relief to wall street banks and wall street bankers, and it does exactly the oppo

our smaller institutions have struggled under the weight of dodd-frank. we didn't come tohis point today without a lot of discussion, without a lot of compromise, and without a lot of thoughtful input from a lot of different entities to figure out the best way to serve our small -- all of our states. these smaller institutions play a critical role in a state like west virginia. our small businesses rely on them to open and succeed, our communities rely on them to expand, and our economy relies on them to grow, especially in our rural areas. but our communities banks and credit unions have really had to shift their attention away from what they know best which is relationship-based lending and borrowing and put it more into the regulatory environment, devote more bank resources and time and energy and legal resources to make sure you are complying with regulations that are really intended for the larger financial institutions. so it's been tough. from 2010, which is the year dodd-frank was enacted until 2016, the number of community banks in our country re

president, the dodd-frank law became effective in 2010. it ostensibly targeted banks too big to fail but seven and a half years later dodd-frank has proved to be far too blunt an instrument. for one thing it's imposed a crushing regulatory burden on small community banks and credit unions. rather than fixing too big to fail, dodd-frank has threatened to make many of these main street, mainstays too small to succeed. this is especially problematic because of the central role that local financial institutions play in each of their communities. local lenders provide a majority of small business loans and nearly three-quarters of agricultural loans and in low-income communities, when a local bank closes, research suggests that loans to nearby small businesses plummet by 40%. farmers, ranchers, small business, vulnerable communities, americans need community banks and they need credit unions. but dodd-frank is making it harder for these institutions to survive. millions of americans from rural areas to inner cities now find themselves in what r

sir ken dodd's twiddle.or... and the actorjohn challis has said... claire sweeney, the actress, said... the comedian dara o briain commented on how he was inspired by ken dodd. i've just i'vejust got some i've just got some breaking news to bring you from the courts. we are just hearing that a 17—year—old youth has been jailed just hearing that a 17—year—old youth has beenjailed for ten just hearing that a 17—year—old youth has been jailed for ten and a half years for carrying out a spate of what were described in court as despicable acid attacks against moped riders. ericjohn from croydon in south london targeted six riders in an attempt to steal vehicles in the north and east of london. —— derekjohn. he appeared at wood green crown court for you video link. thejudge at green crown court for you video link. the judge at the hearing described his grave crimes. in his sentencing remarks, thejudge said the actions were despicable. that has just the actions were despicable. that hasjust come the actions were de

in dodd/frank -- dodd/frank in the statute of the legislation put in about five or six new data fields that would have to be collected under humda. the cfpb took that and added about 20 more to it. so what the legislation is doing is all the existing humda reporting on mornings is there so there is not going to be any new discrimination or anything as claimed. what it's addressing is new data that would have to be collected in addition to what dodd/frank put in and cfpb put on top of that. it was overkill on new data reporting. banks don't want to spend their entire day collecting and reporting data that is used against them if they miss a comma are have something inaccurate in their mortgage documentations then they're attacked for that. we don't need all this new reporting data. even with the new humda exemption here, 97% of all mortgages will be covered by the humda reporting. so we're not -- we're not too concerned about that. what we really are concerned about is keeping community banks, small banks in the marketplace so you don't have the concentration of just a handful of banks

now, the trend toward consolidation in banking was underway before dodd-frank but dodd-frank dramatically worsened it. one data point i think makes it really clear, before the financial crisis, before dodd-frank came along we used to routinely launch on average over 100 banks per year across america. it's a very ordinary thing for a group of business folks that come together and decide they were going to launch a bank to serve their community. and it's a great thing when people do that because it introduces new competition, new choices for consumers, new access to capital. over 100 per year routinely for decades. from the time that dodd-frank was passed through this year, we've had five new banks start up in america. we've just completely destroyed the entire de novo banking industry. there's a price to that. there's a price to communities. there's a higher cost of credit. there's less available capital. and this doesn't serve anyone well. so our legislation, this bill that we're going to vote on later today is going to improve the overall regulatory environment. at the same time it's goi

the one and only ken dodd!ttyfilarious and full of plumptiousness. what he had in spades was that very peculiarly british quality of total daftness. it makes me absolutely disconficurated to see that so many of you have turned up for the free soup. he hung out with the beatles and they shared jokes about hair. lovely hair. we call it "herr" in liverpool. we sayjudy with the "ferr herr". only the fab four themselves had bigger hits in the 60s. ken dodd even held the record for the longest run at the london palladium. 42 weeks. to go to one of his gigs wasn't only a kind of beautiful experience of stockholm syndrome, as he kept you inside that theatre until you submitted to his humour, but it was also to hearjokes that might have been in circulation for centuries. newsnight spoke to ken dodd in his hometown a few years back. if you want to enjoy life, its optimism. i always go on the stage and say, byjove, what a beautiful day. what a beautiful day for doing this and that, what a day for ramming a cucumber throug

ken dodd was a torrent ofjokes. only a part of it. ken dodd was a torrent of jokes.dd was a torrent ofjokes. shows would often end in the early hours of the morning. jeronimo! thank you very much. what a beautiful day for going to count von zeppelin and saying, you will never sell a sausage that size! offstage he was very private. one of his close circle of friends was hisjoke writer, john one of his close circle of friends was his joke writer, john martin. one of his close circle of friends was hisjoke writer, john martinlj had was hisjoke writer, john martin.|j had the honour, and it was an honour and a privilege, to be one of his script writers for 30 years. i a lwa ys script writers for 30 years. i always said writing jokes per ken dodd was almost like being asked to mix the painter van gogh, it was that big an honour. tea rs tears in 1965 was one of the biggest selling singles of the 1960s. his run at the london palladium broke records. summer seasons would be 15 shows a week, and one of the aspiring performance alongside him remember how supportive he was. he w

tget a dodd tried bipartisan deal extremely diligently in dodd frank. not happen. we can debate why not. i don't think anyone can debate his personal effort in making it happen. he got three republicans. it wasn't completely partisan but a small number. maybe this means bipartisanship is back in banking. i would say the next area that a bipartisan consensus ought to tackle is outdated secrecy act and anti-money laundering law. if you want to look at inefficient regulation that is retarding economic growth and hurting consumers, particularly low income consumers and getting an account, is the amount of money small banks are paying on an ongoing basis marginal rate scrutinizing all the aaron klein's and filing tremendous amounts of paperwork on anti-money laundering. -- $50 million threshold has been in place since 2009. the currency transaction report is an index since 1970. at the time, you could buy not only one new brand-new cadillac in cash and not trigger this report are today, there's not a single new car you can buy in cash and not trigger a currency transact

i think there's a show business ken dodd and there is a thinking ken dodd.ay. she said, do you know what an erogenous zone is? i said, i know you can't park there. ladies and gentlemen, please welcome ken dodd! when he walked on, the place used to go up and he hadn't even said anything yet. now, that doesn't happen very often. how tickled we were. how tickled we are. he would fire the gags out at you like a machine—gun. in 1955, he was at the top of the charts. only the beatles outsold him. we call it "hur" in liverpool, judy with the "fur hur". # tears for souvenirs... and home was the house he was born in in knotty ash in liverpool, and where he finally married his partner ann just three days ago. i have been overwhelmed by love and affection which i have already received from dear friends and the public. i thank you all for being here. he also famously had his troubles with the inland revenue. he was eventually acquitted. the job i fancy is chancellor of the exchequer — at least i'd be reunited with my money! ken dodd — one of our last links to the world

today, we're asking for your ken dodd memories.is publicist said "he was one of the last music hall greats," so does this mark the end of an era in british entertainment? tell us what you think. just use the hashtag #bbcthebriefing. so, let's get started. we begin in columbia, where right—wing parties have gained the most votes in historic congressional elections. final ballots are still being counted but conservatives opposed to a peace deal with former farc rebels have just fallen short of an outright majority. it's the first time the former farc rebels have taken part in voting as part of the groundbreaking peace deal which ended more than 50 years of conflict. the farc, now a left—wing political party, has performed poorly, but the party is guaranteed ten seats in congress as part of the peace deal signed in 2016 the country remains highly polarised ahead of a presidential election in two months time. our correspondent, katy watson, is in bogota. for these former guerrillas, this was an historic day. they are no longer hiding i

createdanced approaches by dodd-frank. if i'm not mistaken, advanced approaches were put in place by prior administrations. my question for you, chairman powell, is this, can you remind folks what safety and soundness and what itans means to you teary a chairman powell: broad authority except in areas addressed by congress. to do capital requirements of various kinds, looking after the safety and soundness of all depository institutions. >> thank you. i want to close by saying that i don't for a second think that dodd-frank is the reason we are seeing consolidation in banking. with a population shift it plays a big role in this committee. i can deal with dodd-frank. thank you, mr. chairman. you.ank mr. -- senator corker? senator corker: congratulations on your confirmation. accommodative the fiscal policy in place right now. out of curiosity, as people predict, i know that you all will raise rates for bank i'm's this year. -- four times this year. how much of that tax bill that was put in place is affecting to raise rates

they have done quite fine under dodd-frank. the ranking member likes to elude to their profitability. listen, i hope every business in america can find some way to be profitable, but that's not the question. the real question is the profitability of our constituents. half of whom are living paycheck to paycheck. and it's those constituents that we care about when we lose an opportunity for them to capitalize their american dream . when i hear from colton in terrell, texas, in the fifth district that i proudly represent who says, you know what, me and my wife have been unable to get a mortgage due to credit. we're 25 to 30 years old. we have good credit but we're getting denied. that is everything -- that has everything to due with the regulatory burden, mr. speaker. i heard from sarah in my district. she said, i'd like to refinance with cashout option to fix storm damage to my property and home but i found out it's not an option for me because the government doesn't believe i should be able to do this. heard from alan in kauffm

part of what we saw with dodd-frank is to make sure that didn't happen again. we'll make other mistakes. we're not going to make that mistake again. and the legislation was passed, again not everybody was for it. i voted for it, helped to write some of the provisions in the bill. but i knew at the time -- and i think we all did -- that anything that big, a massive change in our banking regulatory approach in this country was going to have to be tweaked and revisited just like the affordable care act. and it's taken a while, our republican friends for the most part, they were interested -- not all, probably not including the presiding officer -- were interested in repealing dodd-frank. i was interested. i think the majority of the folks on our side were interested in fixing the provisions that needed to be fixed but not to throw the baby out with the bath water. i -- the legislation before us today was reported out of the banking committee not unanimously, reported out i think last fall. and the chairman of the committee, mike crapo from idaho, his name is on th

and eve ryo ne great ken dodd turned up.dn‘t get laughs, he got roars of laughter. and he did so long. he just went on and on and on. the rumour is in liverpool at his funeral will take a monday, tuesday and wednesday! rather like his shows. i gather he could go for three orfour shows. i gather he could go for three or four hours at a time. there was many a grandmother who went to see him and was reported missing! the police would say, no, he‘s gone to see doddy comedies still on. he was a glorious comedian, in full flow on stage she was just brilliant. you say on stage he really had this presence, whether roars of laughterfrom really had this presence, whether roars of laughter from the material from his personality, that rather crazy that he had? wonderful delivery, slightly rude but never swore, or anything. would drop innuendos and that but he was a glorious, that‘s the word, comedian. jimmy tarbuck remembering his friend sir ken dodd. the veteran fashion designer hubert de givenchy, has died. he was ninety—one years old

sir ken dodd, in fact. so let's begin. back with me is oliver cornock, editor in chief at the oxford business group. am ready to go, on the desk, we have scones. even though it is so early, iam scones. even though it is so early, i am ready for them. i don't know about you. after the chat. but we go to theresa may, set to hit back at russia over the spy affair. what is the times saying? this picture looks like selling off of films that. we understand that as many as 500 people could have been is exposed to this agent, as yet unnamed. really, there has been frustration in the general public and the media about the pace of developments. i feel that is an unfair criticism on one level. if you have a potential international crime having occurred, investigators will need some time to investigate. now it is time for the government response. so theresa may is about to openly accused russia of its involvement in this. and it is interesting timing because russia is on the brink of an election. so the presidential election is coming

in the wake of that crisis, this congress passed the dodd-frank act. it requires lenders to assess a consumer's ability to repay their mortgage loans. we also provided statutory penalties for mortgage lenders that did not follow these new underwriting standards. congress also directed the consumer bureau to enact regulations to create a safe harbor for creditors where it would be presumed that the creditor evaluated the borrower's ability to repay. in 2013, under the direction of former director, the bureau released its ability to repay qualified mortgage rule. this rule defined how lenders could take advantage of that safe harbor. qualified mortgages commonly referred to as q.m. loans, are a special category of loans that underwriting standards and certain nonpredatory loan features that help make them more likely that borrowers will be able to afford their underwriting standards and certain mortgages. so if a lender originates a q.m. loan, it means that the lender met certain requirements. it is assumed that the lender ollowed the ability to repay ru

ken dodd — it really is the end of an era. sir ken dodd, who has died at the age of 90.eresa may says sergei skripal and his daughter were poisoned by a military grade nerve agent of a type developed by russia. it is highly likely that russia was behind the attack. it is highly likely that russia was behind the attack. and still to come: how other countries tackle obesity and why norwegians are sweet on swedi5h 5weet5. coming up on sport5day on bbc news: the manchester united captain michael carrick says his body has told him to stop. he's won every club trophy but at 36 he'll retire at the end of the season. plastic and the problems it causes in oceans and rivers around the world are already well known. but what's not so clear is how much damage microplastic5 are doing, the tiny particles of plastic le55 than 5 millimetres in size. they can be found in all kinds of things from industrial pollution to cosmetics. and now researchers have discovered that a river in greater manchester has the highest levels of micropla5tic pollution so far recorded anywhere in the world. ou

senators had and still have a wide diversity of views on dodd-frank. but there's a widening agreement that we should not continue allowing this unintended consequence to wreak havoc on community banks and small u cret unions. i hope soon we can turn that consensus into law. >> try to i rise today to discuss as 2155, the economic growth regulatory relief and consumer protection act and to urge my colleagues to support its passage. in just age few miserable vote n the first vote to vote on cloture to bring this bill to the floor, cloture on the motion to proceed. a very critical vote and again i encourage all of my colleagues to support bringing this bill forward to the floor for full debate and vote. first, let me thank each of the cosponsors of this bill including the many members of the banking committee for the interest and involvement in the many discussions, hearings and personal negotiations and conversations we've had to get to this point. originally introduced by ten republicans and ten democrats, this package of common sense reforms now has 26

the dodd-frank requirements. suddenly a guy in oklahoma buying 200 acres had to find a way to scrape together $100,000 of cash to buy a ranch. now, five years ago, ten years ago, 15 years ago, if you wanted to be able to get that same ranch, you would go to the bank in down. now the bank in town has to tell you, you have to go somewhere else or find some other way to do it because the restrictions are are so high -- restrictions are so high we can't do it anymore. local customers don't want to deal with someone else in another state in another city. they'd like to deal with their local bank, but they can't anymore. oklahoma's community banks are nothing to do with the financial collapse in 2008. yet, they've been penalized all the way through this process. in total dodd-frank required ten federal agencies to write more than 400 new rules imposing 27,000 new mandates on financial institutions of every size. just process that. when you're farmer state bank of allen and have 12 employees, you have to track 27,000 ma

you know, you couldn't be sad if you are listening to ken dodd.too. we are just here to show our respects for one of the city's most famous sons. and to say thank you. ijust really loved him, it is great that everyone has turned out to see him. as did sir ken's fellow comedians and actors. he is liverpool's hero, name them all, beatles, cilla, anyone you want you name them, he is their hero. you can compare footballers, georgie best with messi, or anyone, you cannot compare ken dodd when it comes to comedy. from the '50s until today on merseyside, notjust that, the world. when you saw him, you had to laugh. didn't matter what he did. the cathedral was full, so despite the cold and the window in the rain, hundreds watched on a screen outside. during the service, more tributes. i loved to talk to him about the mechanics of comedy, and i learned so much from him. he came to several plays i did, and we pick the bones of how and why things work, or didn't. but this wasn't just a showbiz event. there were heartfelt farewells. we will never see the like

we have statutes which the fed chair has to follow, that's the dodd frank act.ts from the chair, which delineate his priorities in the regulatory space. we have a pretty good idea of where the fed is heading, in that direction. nejra: what are some of his priorities? ben: he has laid out four top priorities in terms of rolling back or recalibrating dodd frank regulations. among those are changing the way the leverage ratio is calculated by exempting some categories of assets from the denominator, which would allow some companies to engage in less risky wholesale activities like custody activities or clearing. the fed wants to bring greater transparency to its stress testing process. there is a role making in progress to give them more information about the models they use to test banks every year. those models end up deciding how much capital banks can return to their shareholders in the forms of buybacks and dividends. another priority is to reduce the burden around resolution planning. finally, they want to change the definitions in the volcker rule to allow b

we have statutes which the fed chair has to follow, that's the dodd frank act.ublic comments from the chair, which delineate his priorities. we have a pretty good idea of where the fed is heading, in that direction. nejra: what are some of his priorities? ben: he has laid out four top priorities as far as rolling back dodd frank regulations. among those are changing the way the leverage ratio is calculated by exempting some categories of assets from the denominator, which would allow some companies to engage in less risky wholesale activity like custody activities or clearing. the fed wants to bring greater transparency to its stress testing process. there is a rule in progress to give them more information about the models they use to test banks every year. those models decide how much capital banks can return to their shareholders in the forms of buybacks and dividends. another priority is to reduce the burden around resolution planning. they want to change the volcker rule to allow banks to more effectively use securities. nejra: do the policies actually refl

we're not trying to blow up dodd-frank. many of us have taken a big step back in terms of what we think we need to do in terms of growing the economy in order to accommodate this bill. many people on the other side of the aisle, i think there are some 14 is cosponsors on the other side of the aisle -- and i applaud them for the courage that it's taken to work with us to get to a bill that we both give and take on. look, the number-one criticism we get in the senate back home is that why can't you guys work together to get anything done? here's a shining example if we can get it across the finish line and get a vote on this we may have a tremendous example that will have a dramatic impact on main street back home. small banks tend to spend too much time and resources dealing with the regulations and compliance costs that dodd-frank has created. put simply, dodd-frank is another one-size-fits-all washington bureaucratic policy that hurts the very people it claims to champion, the middle class and working poor, and those commu

ken dodd — it really is the end of an era. we still have rain around chiefly central and eastern parts of england, lingering longest across east anglia and the south—east, before moving away, a lot of cloud on the scene, mist and fog, clearer skies coming into northern ireland, lozowski law three degrees. sunshine on the way, dry day to come on tuesday, sunny skies for a while, developing and western scotland, wales, the western side of england, the eastern side of the uk, more cloud around, one or two showers, but on the whole, should be dry, temperatures will nudge up, typically ten or 11 degrees. wednesday, gets windy, dales out towards the west, ahead of the bands of rain that are rotating around the area of low pressure. for many of us through the day, dry and bright, a little bit of sunshine, temperatures in double figures, 1a or 15 degrees. this is bbc news, our latest headlines. the prime minister says a military grade nerve agent, the type developed by russia, was used to poison the former spy sergei skripal and his d

dodd-frank was meant to stop too big to fail.ble banks should be allowed to survive through the ashes if we go there again and if the big banks crumble, they will crumble. generational differences have long been a factor in politics. but a shift in values of american youth and social activism in our high schools could change things for decades to come. i'm just worried about the house and taking care of the boys. zach! talk to me. it's for the house. i got a job. it's okay. dad took care of us. charles: the generation gap on politics has been around for a long time. but it continues to widen the divide. millenials remain the most of liberal of all generations. and there has been a surge in socialist beliefs. national diversity coalition tore trump advisor. mamadison these are the kids you are suppose to be recruiting. but it feels like it's you drifting father and farther left. >> the fake news and the inadequate teaching of civics and history in high school and colleges. on top of that we are seeing a lack of political interest

but not delivered by dodd-frank. and so i'm very, very happy that today we have yet another bipartisan bill from the financial services committee that is aiming to promote economic growth to help our hardworking americans again achieve their american dream because half, half of this country is living from paycheck to paycheck. and we need to ease that economic anxiety so we've got to make sure that the life blood of credit that capital is flowing through the system. it's our community banks in particular that fund our small businesses. unfortunately, up until the advent of the new administration, mr. speaker, small business lending by banks was at a 25-year low. entrepreneurship was at a generational he. now thanks to the tax cut and jobs act, we've turned that corner but we have so much further to go. so a particularly hardworking member of the house financial services committee, the gentleman from colorado, mr. tipton, has come to us today with h.r. 1116, taking account of institutions with low operation risk act.

ken dodd, cream, jam. no, cream first.sed for advertising its cream teas with the jam on top of the cream because it's a devon tradition. iama i am a little bit upset because i obviously don't do with the cornish way. do you want to see the advert? it is the wrong way around. it is the right way around. it is the wrong way around. the photo caused outrage! and as you can clearly see, the cream is on the scone first, with the jam on top. but the photo caused outrage amongst the cornish residents who say placing jam on first was all about identity as you can see here. they said their staff would all be fired. the national trust property said its staff would now wear these badges hashtag jam first and reassured customers that their mothers were safe in its tearoom. just for clarity in cornwall, it is jam and cream, cornish brothers and sisters, and in devon, it is all about cream and then jam. does that meani about cream and then jam. does that mean i will now have to go on holiday in devon? and eat. i mean, i would love to g

the senate is considering rolling parts of dodd-frank back this week. adam shapiro live in the washington bureau with more. reporter: we're talking about the economic growth regulatory relief and consumer protection act. mike crapo's bill would loosen lending requirements of mortgages from banks with less than $10 billion in assets but raise a threshold of tighter oversight of banks from $50 billion to 250 billion in assets. who is for all of this? a lot of democrats actually. democrats who are trying to win re-election or come from trump states, state has voted for president trump. people like joe manchin, claire mccaskill, jon tester, doug jones in alabama, that's a trump state. you have also got democrats in favor of the original dodd-frank bill. that is mark warner, tim kaine, tom carper. so different democrats in favor of this. but will it pass? here is what white crapo said

cosponsored by equal number of republicans and democrats senators have a wide diversity of views on dodd frank. there's a widening agreement that we shouldn't continue to allow this to wreak havoc on community banks and small credit unions. i hope we can soon turn that consensus into law. >> i rise to discuss s2155. the economic growth regulatory relief and consumer protection act and to urge my colleagues to support its passage. in a few minutes will vote to bring this to the floor. critical vote. i encourage all of my colleagues to support bringing this to the floor for full debate and vote. let me think each of the cosponsors including members of the banking community for the interest and involvements in the discussions, hearings and negotiations we've had to get to this point. originally introduced by ten republicans and democrats this package now has 26 senate cosponsors including 16 members of the banking community. banks and credit unions across the country have struggled to keep up with regulatory compliance and demands coming out of washington. local economies this puts a strain

how dodd frank was a -- how dodd-frank was a remedy to that. a compromise in open hearings was a remedy to that. and now how republicans want to take us right back to where we were in 2008. so i think that good intentions of one bill or another narrow correction, which i may or may not agree with, but nonetheless narrow that want to be exploded by the big banks is so wrong. the more the public knows about it, the better. by the way, very consistent with this whole idea of, we're here for 1%, for corporate america, for wall street, we're not here for the american people. this is an important debate for us to have. do you verything we do, have a way to make this better? to address some of the concerns that have been expressed? we're always open to that. but to do so in a way that completely unravels dodd-frank is completely wrong. using the excuse that -- i won't go into the details. reporter: what do you think about the changes in the asset threshold? ms. pelosi: i think it's dangerously high. let's have that discussion. that's only one part of

dodd-frank also dealt with mid-sized and regional banks and our bill does too. dodd-frank swept many simple mid-sized and regional banks into the enhanced prudential standards, but it was meant for the largest and most complex institutions. each new regulation poses a tradeoff between hiring new employees to help comply with those standards versus employees to provide customers the products and services they want and need. darren smithy treasurer for regions bank based in alabama described the implications of this on his institution saying, we now have more people in our organization devoted to compliance related matters than we do for commercial lending. and the direct cost as well as management's time and attention to meeting these rules creates a disproportionate burden on regional banks. collectively the incremental cost of regulatory compliance exceeds $2 billion annually. and the $2 billion in costs that mr. smithy mentioned were just the direct costs. indirect costs included management and other business unit's time from being diverted from fully serving

and the veteran british entertainer, sir ken dodd, dies at the age of 90.rly all of the votes have been counted in colombia's congressional elections. conservative parties bitterly opposed to a peace deal with former farc rebels are in the lead, though falling short of an outright majority. the farc — now a left—wing political party — has performed poorly. presidentjuan manuel santos said the participation of candidates from the former rebel group marked a historic moment for colombian democracy. our correspondent katy watson is following the election in bogota. for these former gorillas, this was an historic day. they are no longer hiding in thejungle, they were centre stage in this weekend's elections. translation: today is a historic day for colombia. we are deciding the country's fate and i think it will mark the milestone. we are strengthening the peace process. it is the first time in my life i have voted and i'm doing it for peace. as presidentjuan manuel santos cast his vote, he said it is proof his peace process is working. translation: it is the f

sir ken dodd — who's died at the age of 90.ther stories making the news. te mr trump. whe zergflsefihmfld to a meeting. the venue for this meeting still remains a mystery. politicians in hong kong's pro—democracy camp have won back just two seats in the territory's legislative council at by—elections held on sunday. the result means the pro—democracy bloc has failed to regain the one—third of seats in the council's chamber required to veto legislation proposed by pro—beijing deputies. two people have died after a helicopter carrying six people crashed into the east river in new york. the fire department said the pilot had managed to free himself. three passengers are in a critical condition in hospital. the aircraft — a eurocopter as 350 — was understood to be carrying people involved in a photo shoot. syrian rebels say they won't surrender. it comes as government forces have captured more than half of a rebel enclave outside the capital damascus. more than 1000 people are believed to have been killed since the area of eastern gho

dodd was opposed to a trump-mueller interview. and just hours after dodd resigned, president trump told reporters once again he would like to sit down with mueller. we take all of that up here tonight and much more. our guests including wilbur ross on the president's american first trade policy and the new tariffs. former cia analyst, fred flight, his former boss none other than ambassador john bolton, and ed rollins on the rhino leadership's decision to sell out the american people. greg jar rit and byron york on the mueller witch hunt and the president's rapidly improving legal team. >>> our top story to night, the newest trump administration shakeup, national security adviser general h.r. mcmaster is leaving the white house. the president announced on twitter, quote, i am pleased to announce that effective april 9thth, ambassador john boll on the will be my knew securitied a vieder. i'm thankful for the service of general h.r. mcmaster who has done an outstanding job and will always remine b remain my frien. our first guest ton

you know it as dodd frank. the law passed in the wake of the crisis that mandated banks with at least $50 billion of assets to be subject to very strict oversight from the federal reserve. the new senate bill slides that threshold to ultimately include only banks with at least $250 billion of assets. now, it wasn't just republicans. 16 democrats voted on this bill with republicans. and now it's headed to the house. republicans have been hoping to make even more drastic changes. >> so barney frank, part of dodd/frank, had said maybe the $50 billion was too low, it was hampering some smaller banks. he had thought maybe $100 billion was a good threshold. he feels that $250 billion is too high. his thinking is what happens if three or four banks with assets of $250 billion were ultimately going to fail? would that actually create the systemic problem that the failure of a big bank would? the problem with what happened ten years ago is big banks failed and they took the economy down with them. elizabeth warren is no

sir ken dodd, who has died at the age of 90.e of the other stories making the news. the director of the cia, mike pompeo, has defended president trump's decision to meet the north korean leader, kim jong un. mr pompeo said the meeting wasn't intended merely "for theatre". the venue for this meeting still remains a mystery. just two seats of one been won back by the pro—democracy camp in hong kong. the result means means one third of the seats in the chamber to veto legislation. a helicopter has crashed in new york's east river, killing 2 people and leaving one survivor who's injured. the federal aviation administration said the eurocopter as—350 went down near the northern end of roosevelt island at about 7 pm. local time and was reported to be upside—down in the water. emergency services have sent divers to the scene. syrian rebels say they won't surrender. it comes as government forces have captured more than half of a rebel enclave outside the capital damascus. more than 1,000 people are believed to have been killed since the

and this song was one of the great dodd's favourite.e, key has ever seen. now live to the house of commons. for all victims who have suffered as a result ofjohn worboys‘s hideous crimes. i want to set out in greater detail than i have previously been able to the reasons why i did not bring judicial review. as i told the house on the 19th of january, i looked carefully at whether i could challenge the decision. it would have been unprecedented. the parole board is independent mac by department is responsible. i took expert leading advice whether i should bring a challenge. the bar forjudicial review is set high, i considered whether the decision was illegally rational, in other words a decision which no reasonable parole board could have made. the advice i received was such an argument was highly unlikely to succeed. this argument did not succeed. the victims succeeded in a different argument, the that while ministry of justice officials opposed to release, they should have done more to put forward the relevant to material. the highlight

i am a strong supporter of dodd-frank. i helped to write some of the provisions of dodd-frank. i have no problem with pulling the plug on dodd-frank. can we make changes, we can just like the affordable care act. i will yield the floor to the senator from vermont. the presiding officer: the senator from vermont. mr. leahy: mr. president, i have been hearing in the judiciary committee, we've been talking about what has happened, unfortunately, over and over again on shooting deaths in this country. actually, one of the charts i showed we have far more shooting deaths per capita than any other country in the world. but we heard some of the things that may get difficult to even attack the problem. for example, the congress had put in legislation steps that cripple alcohol, tobacco, and firearms. they're asked to do a background check. they have to go to a warehouse with stacks of papers. some are just falling apart because of where they are, to do a search of papers. they're warehouses that would contain the amount of information lik you can store on iphone and it can be found in

it says, if the dodd-frank -- it's as if dodd-frank said stress test the big banks and oh, you might as well go ahead and do the asset management companies as well, end quote. fortunately, bruce poliquin has crafted legislation which democrats and republicans should agree to. the alleviating stress test burdens to help investors act would eliminate the default bank-like stress testing required in dodd-frank but would empower the s.e.c., the primary federal regulator of the asset management industry, to require stress testing as it deems appropriate. in short, what this bill says we should only stress test asset managers as their primary regulator determines is in the best interest of the investors instead of arbitrary -- arbitrarily applying bank-like stress test requirements as proposed by the federal reserve. it comes to little surprise that the s.e.c., under according of mary jo wright, agrees. the s.e.c. has come up with stress testing standards that is consistent and comparable with those of the federal reserve and other banking regulators likely because there is no way to accou

so dodd-frank, senator warren says this bill making its death toe senate is a dodd-frank.ts? dodd-frank's of demise exaggerated, but this is an important bill for our startups and entrepreneurial ventures and credit unions and community banks. regional banks as well. we know tax reform has wrought toeconomic growth, but want sustain it and grow it, and we need regulatory reform. have so much capital sitting on is a boldne, and this bill and a shadow of it, i don't want to take anything away from senate counterparts who put together a good bill. but i would point out we passed a lot of bipartisan measures in the house and it will be reflected in the final bill that will be on the president's desk. kevin: does it have a serious shot? >> i have agendas, but no hidden agendas. i have taken the financial choice act and have broken it up into component parts, and i threw it up against the chalkboard to see what would stick with a bipartisan vote. now to four dozen individual bills that will either help sustain capital formation or community bank regularly. roughly two thirds sup

but since dodd-frank was enacted, mr. president, over 1,700 small banks primarily have gone out of business. 1,700. many because they were unable to cope or afford to comply with the 2,319 pages and 390 new regulations imposed. let me say that again. 390 new regulations were imposed by dodd-frank. my goodness. these small banks had nothing to do with the crisis of 2008. many of these banks were community and regional banks that actually support small businesses on main street, give small businesses needed capital, and sponsor little league baseball parks. i grew up in a little league baseball park that was sponsored by the three banks in my hometown. my father was a board member of one of those small banks. i remember those days. they were involved in the community. when you borrowed money from them, they knew you personally. but what we have done is we have created an environment that just shut down our lending activity in these small banks. small business lending, which we all know is a driver in every recovery since wo