GOP to keep tabs on Dodd-Frank man-hours

{mosads}Throughout the Dodd-Frank debate, and now nearly two years after it became law, Republicans have sought to paint the financial overhaul as an onerous burden on the private sector that could stifle the economic recovery. Democrats have countered that an increased burden brought on by the law is easily outweighed by the damage done by the financial crisis, which they say justifies the new rules.

Now, with the tracker, GOP lawmakers are hoping to attach hard numbers to their argument.

“This online resource will help the public better understand how the cumulative weight of these new rules — layered upon existing outdated, unnecessary and duplicative red tape — hurts small businesses and financial institutions,” said Chairman Spencer Bachus (R-Ala.).