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Hearing scheduled for CHOICE Act’s attack on Dodd-Frank Act

Joe Mont | April 21, 2017

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has announced a hearing to discuss the Financial CHOICE Act on Wednesday, April 26 at 10 a.m.

An amended and updated version of the legislative package, sponsored by Hensarling as a means to repeal and replace large swath of the Dodd-Frank Act, was released this week. The acronym CHOICE stands for “Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs.”

“Republicans are eager to work with the President to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and Washington accountable, ends taxpayer-funded bank bailouts, and unleashes America’s economic potential,” Hensarling said in a statement. “Supporters of Dodd-Frank promised it would lift the economy, end bailouts and protect consumers. Yet Americans have suffered through the worst recovery in 70 years, Dodd-Frank guarantees future bailouts for Wall Street, and consumers are paying...

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