This story appeared in Bank Digest.
Representative Scott Tipton (R-Colo) has written a column posted on his website entitled "The Financial CHOICE Act Is Needed to Create Jobs and Opportunities for Americans." According to Tipton, the Dodd-Frank Act "and its associated financial regulations made an already complex regulatory environment even more complicated, made 'too big to fail' the law of the land, and ultimately created new barriers for individuals and families seeking to better their lives."
In contrast, he said the Financial CHOICE Act would "help jumpstart our economy and create more jobs and opportunities for families and individuals across the country." Tipton noted that the Financial CHOICE Act incorporates his bill, the Taking Account of Institutions with Low Operation Risk (TAILOR) Act, which he said would "help reform one-size-fits-all regulations and restore job creation on Main Street by ensuring community banks in Colorado aren't regulated the same way as the big banks on Wall Street."