"Long-Awaited" Rewrite of Dodd-Frank Revealed
House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced that the Financial CHOICE Act of 2017 will be officially unveiled at an April 26 House Financial Services Committee hearing. Hensarling released a discussion draft of the bill on Wednesday.
The legislation “makes some significant changes in its efforts to weaken the Consumer Financial Protection Bureau and other Dodd-Frank provisions from last year’s legislation,” writes Law360.
“We want economic opportunity for all, bailouts for none. We want real consumer protections that will give you more choice,” Hensarling said in a statement. “Our solution grows the economy from Main Street up, creates more opportunities for working families to get ahead, and levels the playing field.”