May 09, 2018

Freedom Partners Praises House Pledge to Pass Dodd-Frank Reform

Post by Freedom Partners

Arlington, VA – Freedom Partners today commended House leaders for agreeing to vote this year to approve bipartisan financial regulatory relief legislation that passed the U.S. Senate in March, the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155).

Freedom Partners Executive Vice President Nathan Nascimento issued the following statement:

“Speaker Ryan, Majority Leader McCarthy, Chairman Hensarling and other House leaders did the right thing in pledging to vote this year to approve bipartisan reforms to the Dodd Frank law, which has needlessly impeded access to capital and economic growth.

“We encourage the House to approve this legislation as soon as possible and send it to the president to be signed into law. Freedom Partners stands ready to work constructively with Congress on its plans for future regulatory relief to build on the Senate-passed reforms.

“Consumers will be better off thanks to Congress’ leadership in this area to free mid-sized, community lenders from crushing regulation and compliance costs. This is exactly the type of reform the American people expect from Washington.”

Background:

House Speaker Paul Ryan (R-Wis.) and House Majority Leader Kevin McCarthy (R-Calif.) recently announced plans for a straight-up vote on S. 2155 this year, which passed the Senate March 14 on a 67-32 vote. McCarthy indicated he will announce a vote on the legislation “soon.” The development follows recent comments by House Financial Services Committee Chairman Jeb Hensarling (R-Texas), welcomed by Freedom Partners, that expressed openness to approve the Senate bill and pursue additional reforms through separate legislation.

Learn More:

Freedom Partners Commends House’s Flexibility on Dodd-Frank Reform

Freedom Partners Applauds Senate Approval of Dodd-Frank Legislation

Freedom Partners Letter of Support: Economic Growth, Regulatory Relief and Consumer Protection Act

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