(2018) Rep. Barney Frank (D-MA) and Senator Chris Dodd (D-CT) participate in a bi-partisan roll-back of the 2010 Dodd-Frank legislation. This roll-back, initiated under the Trump Administration, generally seeks to benefit smaller banks and financial institutions through the of easing regulatory requirements. Dodd-Frank, as amended, survives as the key US legislation seeking to curb financial crisis.
(2009) A longstanding defender of the State of Israel, Rep. Barney Frank (D-MA) pens two noteworthy letters in this vein in June and August of 2009 - the first addressed to United States President Barack Obama, the second addressed to Israeli Prime Minister Benjamin Netanyahu. The first of these two letters explains why Frank refused to sign an AIPAC-backed letter in support of the State of Israel addressed to President Obama by Members of the House of Representatives in May 2009. The second of these two letters defends Nadav Tamir, then Consul General of Israel in Boston, Massachusetts, following his reprimand by the Israeli government after a confidential memo which he drafted noting eroding US support for Israel under the Obama Administration due to disagreements about how settlements should be considered was leaked to the Israeli media.
(2008) Ann C. Frank Lewis, Barney Frank's older sister, becomes a Senior Advisor to the Presidential Campaign for former First Lady, Senator, and Secretary of State, Hillary Clinton. Ms. Lewis serves in this capacity through the 2016 Presidential Election in which Hillary Clinton loses to real estate mogul Donald J. Trump. In 2016, Ms. Lewis also serves as Co-Chair of the advocacy group Jewish Women for Hillary.
(2023) Following his retirement from Congress in 2013, Barney Frank becomes a Member of the Board of Signature Bank in June 2015. Sadly, eight years later, in the wake of the failure of Silicon Valley Bank (SVB) on 10 March 2023, Signature Bank is forced to close its doors by US financial regulators on 12 March 2023. Frank publicly contends, however, that Signature Bank was solvent on the date of closure, and would have survived the failure of SVB had it not been forcibly shuttered. Chris Dodd, co-author of Dodd-Frank, concurs.
Barney Frank's association to Signature Bank has since become subject to the scrutiny of both the general public and the media, even though former Members of Congress may legally serve on a corporate Board and be compensated for this work. The question of whether or not Signature Bank was closed for political motivations other than the defense of economic fundamentals has also become the subject of heated dispute. Frank further publicly notes that US legislation, and particularly Dodd-Frank, has not yet sufficiently treated the advent of cryptocurrency and its impact upon financial markets, a factor which he believes is linked to the failure of SVB and the closure of Signature, "crypto-friendly" banks. In sum, Frank believes that Signature was forcibly closed because regulators desired to send an "anti-crypto" message to market.
Sadly, the message of the film Let's Get Frank (2003) has not yet been learned - in the online comments section of major international financial newspapers, Frank's sexuality once again emerges as a point of discussion in a debate about banking and financial matters which have absolutely nothing to do with sexuality at all...
Barney Frank's association to Signature Bank has since become subject to the scrutiny of both the general public and the media, even though former Members of Congress may legally serve on a corporate Board and be compensated for this work. The question of whether or not Signature Bank was closed for political motivations other than the defense of economic fundamentals has also become the subject of heated dispute. Frank further publicly notes that US legislation, and particularly Dodd-Frank, has not yet sufficiently treated the advent of cryptocurrency and its impact upon financial markets, a factor which he believes is linked to the failure of SVB and the closure of Signature, "crypto-friendly" banks. In sum, Frank believes that Signature was forcibly closed because regulators desired to send an "anti-crypto" message to market.
Sadly, the message of the film Let's Get Frank (2003) has not yet been learned - in the online comments section of major international financial newspapers, Frank's sexuality once again emerges as a point of discussion in a debate about banking and financial matters which have absolutely nothing to do with sexuality at all...
(2007-2011) Rep. Barney Frank (D-MA) presides as Chairman of the United States House Committee on Financial Services (also known as the House Banking Committee). While serving in this capacity, he co-sponsors the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173), more commonly referred to as Dodd-Frank, in 2010, alongside Senator Chris Dodd (D-CT). This legislation seeks to increase financial stability and prevent future financial crisis similar to that suffered in 2008.