Dodd-Frank Repeal on House Docket


Financial Services Committee Chairman Jeb Hensarling (R-TX) has scheduled a hearing to discuss the Financial CHOICE Act on Wednesday, April 26. 

“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,” said Chairman Hensarling.  “We want economic opportunity for all, bailouts for none.  We want real consumer protections that will give you more choices.  Our solution grows the economy from Main Street up, creates more opportunities for working families to get ahead, and levels the playing field....”

CHOICE stands for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs. 

The ideas and principles behind the Financial CHOICE Act were first unveiled last June by Chairman Hensarling in a speech to the Economic Club of New York.  The Financial Services Committee approved the Financial CHOICE Act in September.  The Committee will discuss an updated version of the bill at Wednesday’s hearing.

“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 failed to keep its promises to the American people, but we will work with President Trump to follow through on his promise to dismantle Dodd-Frank.”