House committee to increase pressure for Dodd-Frank repeal in July

"Supporters of Dodd-Frank sold it to the public as 'tough Wall Street reform,' but in reality its red tape hurts businesses and small-town banks far from Wall Street that had nothing to do with the 2008 financial crisis," they said.

The committee will hold at least two hearings on Dodd-Frank next week.

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On Tuesday, the panel's subcommittee on Capital Markets and Government Sponsored Enterprises will hold a hearing on "The Impact of Dodd-Frank on Customers, Credit and Job Creators."

And on Wednesday, the subcommittee on Financial Institutions and Consumer Credit will hold a hearing on "The Impact of Dodd-Frank's Home Mortgage Reforms: Consumer and Market Perspectives."