Law and regulation

Johnson Expected to Reveal 2014 Intentions Next Week

By Victoria Finkle March 22, 2013, 4:33 p.m. EDT 1 Min Read

Law and regulation

Senate Banking Panel Could Take Second Look at Dodd-Frank

After a relative lull the past two years, the Senate Banking Committee may be poised to advance a corrections bill to the Dodd-Frank reform law next year, and begin work on other issues like mortgage finance reform.

By Victoria Finkle

November 25

WASHINGTON — Sen. Tim Johnson, chairman of the Senate Banking Committee, has said he will announce a decision about whether to run for office again in 2014 sometime next week.

Johnson said last week that he hadn't yet made up his mind about running, according to the Rapid City Journal. Observers have speculated that Johnson's retirement could pave the way for his son Brendan Johnson, South Dakota's U.S. attorney, to run for the seat.

The South Dakota Democrat, who suffered a stroke in 2006, would be running for a fourth term. He's served as chairman of the banking panel since 2011, staunchly defending the Dodd-Frank reform law named after his predecessor Sen. Chris Dodd, D-Conn. Next in line for the banking chairmanship is Sen. Jack Reed, D-R.I.

A spokesman for the Banking Committee declined to comment until Johnson's decision is made public.

Victoria Finkle

BankThink Editor , American Banker

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