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Politics

Rep Frank targets financial reform in early May

WASHINGTON (Reuters) - The chairman of the U.S. House of Representatives Financial Services Committee said on Tuesday he hopes to begin drafting legislation to reshape financial regulation in early May.

“It is my hope that we will begin the drafting of legislation in early May,” said Rep. Barney Frank in opening remarks at a hearing focused on systemic risk in the financial services industry.

Reporting by Kevin Drawbaugh; Editing by Theodore d’Afflisio

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