Press Releases

Roe Statement on the Financial CHOICE Act

f t # e
Washington, June 8, 2017 | Lani Short (202-225-6356) | comments

WASHINGTON, D.C. - Today, Rep. Phil Roe, M.D. (R-Tenn.) released the following statement on House passage of H.R. 10, the Financial CHOICE Act:

“I am proud to support the Financial CHOICE Act. For seven years, the Dodd-Frank Act burdened small and community bankers with a new, overly-complicated regulatory regime that has threatened access to capital for millions of small business entrepreneurs and potential home buyers. The Financial CHOICE Act replaces these regulations with reforms to our financial system that will strengthen our economy while preserving important protections for consumers; and also bringing more accountability and transparency to Wall Street and Washington. Most importantly, the Financial CHOICE Act will end the days of bailouts for big banks and open up capital investment opportunities for small businesses and startups. The previous administration believed in taking away decision-making power from consumers and giving it to bureaucrats, but the Financial CHOICE Act returns the power to individuals to make decisions based on their needs and the needs of their families.” 

f t # e