Senate Banking Committee Chairman Mike Crapo said Wednesday that although he plans to begin working on housing finance reform and changes to the Dodd-Frank Act, the poor relationship between Democrats and Republicans will slow any progress.

"The climate right now in the Senate is toxic as I have ever seen," the Idaho Republican said at an event sponsored by the law firm Jones Walker. "What is happening in the Senate right now…is a very slow process, much more slow than ever we have seen before and that impacts everything else."

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