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Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

It's Monday, March 19th, and we're talking about, well, the reform or the potential reform of Dodd-Frank reforms.

I'm your host, Michael Douglas, and I'm joined by Matt Frankel.

And to be more precise, the United States Senate late last week passed a bill to partially roll back in a variety of ways change the Dodd-Frank reforms that

were put into law in the wake of the financial crisis.

Now the first thing we have to say here is the

Senate has passed a bill that does not mean the House will pass the same bill and

that certainly doesn't mean the president will sign the bill. Right this is

what's referred to as a draft legislation.

And think of it like the first draft of a paper you're writing for school.

It's not going to look quite like this when the final bill is voted on.

The president has already said he would sign the legislation as written, but the

issue is Republicans in the House of Representatives don't quite think it rolls back to reforms enough and are going to add

some things to it and this will need some bipartisan support to pass so there's a

risk that once it gets back to the Senate this could be a real roadblock to this

the reforms of the reforms becoming law. Right, right. So as per usual with

anything on Capitol Hill there are a lot of moving parts here.

And we will be diving into some of those pieces.

So the first thing we have to talk about here is that this is in a lot of ways a theoretical conversation. But we figured, hey, this is in a lot of ways a theoretical conversation but we figured hey this is

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