Tuesday, May 30, 2017



Barack Obama’s Dodd-Frank financial overhaul propped up the big banks, stunted economic growth, and harmed hardworking Americans. But thanks to your activism, relief could be on its way.
The House of Representatives is advancing a key piece of legislation -- the Financial CHOICE Act -- that will take steps to unravel the most harmful pieces of Dodd-Frank.
What is CHOICE and how will it unravel Dodd-Frank?
Dodd-Frank serves to protect the interests of big banks at the expense of consumers.Because of the law, we pay more when using banking services like checking accounts, loans and credit cards, and we get little protection in return.
The CHOICE Act will repeal several of the burdensome regulations within Dodd-Frank and help to create an environment where small businesses can compete and thrive. To learn more about the CHOICE Act, you can read about it here.
How did we get here?

In 2013, Rep. Jeb Hensarling (R-TX) became chairman of the House Financial Services Committee. Heritage Action Sentinels worked closely with him on important issues, including the repeal of Dodd-Frank.
Grassroots activists haven’t wavered in the fight to free our markets. For years now, conservatives have made the case to repeal Dodd-Frank, pressuring Congress and ensuring the issue did not fall to the wayside.
The special interests do not like it, but the CHOICE Act is making its way to the House floor for a vote. If passed, the bill will then move to the Senate where we will continue to urge lawmakers to support it.
Though nothing in Washington changes overnight, it’s because of your hard work we've been able to move repeal of Dodd-Frank leaps forward.
Dan Holler
Vice President
Heritage Action for America

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