RJ and Makay

As part of their opposition to the Dodd-Frank financial reform law enacted last July in response to the financial crisis, Congressional Republicans plan to introduce four bills Wednesday that would repeal or amend parts of the new law.

"It's the first direct assault,'' a congressional aide says. ''Up until now it's been about trying to deprive the agencies of what they need to implement Dodd-Frank.''

As of today the GOP has added 60 House members, above the 39-seat threshold to achieve a House majority. Democrats remain in charge of the Senate, though Republicans have added six members to their caucus.

By taking over the House, Republicans now have a platform to advocate reductions in federal spending and regulations, and put pressure on the executive branch through hearings and other oversight, according to a recent article posted by InvestmentNews.com.