WASHINGTON — On the one-year anniversary of the Dodd-Frank Act, Democratic lawmakers and key financial regulators called on Congress to resist Republican efforts to cut funding to implement and enforce the law's sweeping new regulations.

Referring to proposals by House GOP, Democratic Rep. Barney Frank told the Senate Banking Committee on Thursday that even if the financial industry would prefer to have fewer regulations, it does not help them if the regulators lack the resources to provide industry players with clarity about what the law requires.

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