WASHINGTON — Nearly three years since the financial crisis began, lawmakers appear consumed again with a very precrisis topic: Is overregulation driving financial institutions overseas?

Lawmakers at a House Financial Services Committee hearing Thursday peppered regulators with that question and said requirements of the Dodd-Frank Act, combined with tougher international capital and liquidity rules, may damage U.S. standing as a global financial leader.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.