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Treasury's Miller: Don't Trim Dodd-Frank

Scaling back reforms would expose U.S. to 'cycle of collapses and crises,' she says.

By Cheyenne Hopkins, Bloomberg, Ian Katz, Bloomberg | Updated on July 14, 2011

Mary Miller, the U.S. Treasury Department’s assistant secretary for financial markets, warned today against curtailing the Dodd-Frank law.

“Scaling back or repealing major parts of the Dodd-Frank Act, or not providing regulators with the funds they need to implement the act, will leave our economy exposed to a cycle of collapses and crises, with potentially devastating repercussions,” Miller said in remarks prepared for a speech in New York today.

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