Tea Party Pushes to Repeal Dodd-Frank Whistleblower Law

U.S. Representative Michele Bachman founder of the Tea Party Caucus is seeking to repeal the Dodd-Frank financial bill. Bachman and several others say the law has grossly expanded the federal government beyond its jurisdictional bondaries. The Dodd Frank Act provides tough new sanctions for financial fraud and has a whistleblower provision allowing for individuals with unique knowledge about financial fraud in companies to report the matter and obtain a percentage of moneys paid in fines or sanctions. The new speaker of the House of Representatives jon Boehner of Ohio said that he too supports the repeal of the Dodd-Frank Act.