Five years after President Barack Obama signed into law a major overhaul of the nation’s financial regulatory system, Sen. Sherrod Brown said Tuesday the U.S. financial system “is safer, more stable, it works better for taxpayers, investors, and consumers” adding that the law “made it less likely that taxpayers will once again be forced to pay the tab for another bailout.”

Brown, D-Ohio, who voted for the law, was joined at a news conference on the fifth anniversary of the law going into effect by one of the co-sponsors, former Sen. Chris Dodd, D-Conn. The law is referred to as Dodd-Frank after both Dodd and the House co-sponsor, former Rep. Barney Frank, D-Mass.

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