Newsletter – June 2017
After passing through the House Financial Services Committee last month, the Financial CHOICE Act is headed to the House floor, where lawmakers could vote on it as soon as this month.
We thought now would be a good time to weigh both sides of the bill.
The CHOICE Act was introduced by Texas Republican Jeb Hensarling as a replacement for the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which was created in response to the financial crisis of 2008.
Republicans argue that Dodd-Frank has created costly regulations that have suffocated economic growth by crushing small banks and limiting the little guys’ access to capital.