One of the staunchest critics of the Dodd-Frank Act says a full repeal of the financial reform law isn’t in the cards. Rep. Scott Garrett (R-N.J.) said legislation to strike down the law, now pending in the House and the Senate, won’t pass. “That ain’t gonna happen,” he said Thursday night during remarks at a Hedge Fund Association symposium on forthcoming financial regulations. Garrett said he was optimistic that the SEC’s new chairman, Mary Jo White, would operate in an open, bipartisan manner, but he said the agency’s priorities were out of order.
