Rep. Spencer Bachus, expected to take over the House Financial Services Committee, tells WSJ he...

|By:, SA News Editor

Rep. Spencer Bachus, expected to take over the House Financial Services Committee, tells WSJ he wants to rewrite Dodd-Frank derivatives provisions, saying the new "overly expansive" law redirects as much as $1T from the U.S. economy that could be used for loans or job creation.