Hedge Funds Politics & Regulation

Senate Banking chair Tim Johnson discusses hedge funds with AR

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In an exclusive interview, he calls GOP attempts to slash regulators’ budgets “irresponsible.”

 
 Senator Tim Johnson at a recent hearing of the Senate
Committee on Banking, Housing and Urban Affairs

Dodd-Frank Act architect and namesake Chris Dodd left Washington to lobby for Hollywood, leaving the new chairman of the Senate Committee on Banking, Housing and Urban Affairs, Senator Tim Johnson, to make the legislation actually work. The South Dakota Democrat hasn’t focused on hedge funds before, but has been a member of the financial committee since 1997 and helped shape Dodd-Frank by supporting the creation of mechanisms to monitor systemic risk and derivatives, credit default swaps and other complex