Replacing Dodd-Frank: The Financial CHOICE Act

On June 6, 2016, House Financial Services Committee Chairman Jeb Hensarling (R-TX) unveiled his plan to repeal most of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. His legislation, entitled the Financial CHOICE (Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs) Act, is a significant, positive step toward repealing Dodd-Frank and restoring economic stability and growth to the financial and housing markets.

Briefs

Replacing Dodd-Frank: The Financial CHOICE Act

Background: In response to the financial crisis of 2007-08 and the Great Recession, Congress rushed through Dodd-Frank under the guise of “consumer protection.” This law…

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