CHOICE Act would replace parts of Pres. Obamas Dodd-Frank Law--
Texas Insider Report: WASHINGTON DC Congressman Roger Williams (R Austin) today voted for the Financial CHOICE (Creating Hope and Opportunity for Investors Consumers and Entrepreneurs) Act which passed out of the Financial Services Committee. It will now head to the House floor.
Williams legislation to require congressional authorization for any CFPB (Consumer Financial Protection Bureau) ruling that would have an economic impact of $100 million or greater was included in the CHOICE Act.
The Dodd-Frank Act has not fulfilled its mission and our economy is no better than it was 6 years ago said Williams. So we must end too big to fail protect taxpayer dollars and make the CFPB more transparent and accountable. The CHOICE Act will do this and strengthen our financial regulatory system and ultimately the American economy.
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here or on the image below to watch Williams discuss his vote: