Jun 08, 2017

Freedom Partners Applauds House Passage of CHOICE Act

Post by Freedom Partners

Arlington, VA — Today, the U.S. House of Representatives passed legislation known as the CHOICE Act.

The legislation delivers relief to consumers by repealing the worst of Dodd-Frank’s burdensome regulations, ends the days of taxpayer-funded bank bailouts, gives customers on Main Street more choices by helping startups and small businesses expand, and reforms the unaccountable Consumer Financial Protection Bureau while ensuring responsible oversight of financial institutions.

The bill now heads to the U.S. Senate for consideration.

Freedom Partners Vice President of Policy Nathan Nascimento issued the following statement:

“Dodd-Frank’s overbearing regulations have stifled the economy and kept taxpayers on the hook for future bank bailouts. The CHOICE Act ends the days of ‘too big to fail,’ and ushers in a new day of opportunity for small businesses and consumers on Main Street – all while ensuring responsible financial oversight. We applaud the House for passing this important bill and we encourage the Senate to quickly follow suit.”

BACKGROUND

Three Big Reasons to Support the CHOICE Act: 6/7/17

When it Comes to Helping Main Street, the Choice is Simple: 5/2/17

Freedom Partners Applauds House Financial Services Committee for Advancing CHOICE Act: 5/5/17

Coalition Letter to Congress: Support the Financial CHOICE Act: 4/26/17