This story appeared in Bank Digest.
The House Financial Services Committee has passed the Financial CHOICE Act, a Republican alternative to the Dodd-Frank Act, on a party-line vote of 34-26. A number of representatives issued statements either supporting or opposing the committee's action. In addition, several banking or financial services groups issued statements generally approving of the bill, while some nonprofit organizations issued statements opposing it.
- Rep. Blaine Luetkemeyer (R-Mo) statement
- Rep. Joyce Beatty (D-Ohio) statement
- Statement by Rob Nichols, President and CEO, American Bankers Association
- Financial Services Roundtable press release