Hatch shares gif of dumpster fire: ‘Checking in on Dodd Frank’

Hatch shares gif of dumpster fire: ‘Checking in on Dodd Frank’
© Victoria Sarno Jordan

Sen. Orrin HatchOrrin Grant HatchGOP opens door to holding Kavanaugh committee vote this week Press: Judge Kavanaugh must withdraw Hatch: Second Kavanaugh allegation is 'phony' MORE (R-Utah) doesn't think highly of the Dodd-Frank Act, and his office took to Twitter on Saturday to illustrate that sentiment.

"Checking in to see how Dodd-Frank is doing after 7 years," Hatch's staffers posted on the Utah Republicans' Twitter account, along with a gif of a dumpster fire. 

Hatch, the chairman of the powerful Senate Finance Committee, has long been an opponent of the 2010 banking law. In February, he said the measure was "worse than ObamaCare," 

"I think it's one of the worst bills that's ever been passed through Congress and I think it's part of the reason why so many people are having financial difficulty today in this country," Hatch told Bloomberg at the time. "It was an overreach in every way; more and more requirements, more and more paperwork — it's just incredible."

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The Dodd-Frank Wall Street Reform Act was passed in the wake of the 2008 financial crisis and implemented new banking regulations intended to reduce the risk of another financial crisis. It also created the Consumer Financial Protection Bureau.

Republicans have long vowed to repeal Dodd-Frank, arguing that it amounts to massive government overreach and stymies the financial sector. 

House Republicans voted last month to roll back Dodd-Frank's regulations, passing the Financial Choice Act, which does away with many of the law's banking rules.