DC paper The Hill reports that Republican U.S. Senate candidate Dino Rossi wants to repeal the Wall Street reform legislation that Congress passed last week.
Rossi, who's challenging top Sen. Patty Murray (D) in this fall's elections, said he'd favor repealing the two signature issues Democrats have made into law this year.

"We need to repeal that bill," Rossi said of healthcare reform on ABC News's "Top Line" webcast.

He also said, when pressed, that Wall Street reform legislation signed into law last week by President Obama should be repealed and replaced with different reforms.

"I think we should," he said of repealing the financial reform package. "I think we should put reforms in that actually protect the public."

Rossi is referring to his interpreation (which his campaign explained to PubliCola last week when the bill passed) that the legislation doesn't prevent future bailouts. (The New York Times took up that debate here.)

Here's a transcript from the ABC News report:
ABC: So you repeal healthcare. Do you also repeal Wall Street reform?

Rossi: I think we need to, first off, make sure we do no harm. What they did is created six superbanks and left Fannie and Freddie, which were at the epicenter of the problem, out of the deal.

ABC: So, yes, that’s a repeal?

Rossi: I think we should.  I think we should to put reforms in that actually protect the public and don’t reduce the amount of money that small businesses have available to them to grow because 64% of job creation since ’92 came from small businesses and now we’re just killing them.

The Democrats pounced on today's news.

DNC spokesman Frank Benenati said: "Rossi seems to want to go back to the days when Wall St. ran roughshod over families resulting in the worst economic recession since the Great Depression."

Democratic Senatorial Campaign Committee National Press Secretary Deirdre Murphy added:

“Dino Rossi is out of step with Washington values and not on the side of consumers in his state,”  “Rossi shows more loyalty to big banks than to Washington taxpayers.”

The bill creates a consumer protection bureau to oversee Wall Street, it regulates derivative trading, and puts some restrictions on investment banking—the Volcker Rule—so that Wall Street firms can't play the market with commercial deposits.

We have a call in to Rossi's campaign.