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  • Subcommittee Examines CFIUS
    Mar 15, 2018 - The Subcommittee on Monetary Policy and Trade met today to evaluate the operations of the Committee on Foreign Investment in the United States (CFIUS) and the challenges it faces by a changing global economy. “Today’s hearing is the third time this Congress that the Subcommittee has publicly examine... More
  • Bipartisan Regulatory Relief Bill Passes House
    Dec 12, 2017 - The House passed bipartisan legislation on Tuesday that provides important regulatory relief for small banks and credit unions and protects consumer access to mortgage credit. The CFPB’s expansion of escrow requirements and guidance on escrow and mortgage servicing requirements are prime examples of... More
  • Rothfus: Financial CHOICE Act and the American dream
    May 30, 2017 - When I talk to constituents in western Pennsylvania, I hear a common concern: some in this country are thriving and getting ahead, but many believe the American dream is moving further from their reach. Big businesses, the wealthy and well-connected are doing fine, while millions of hard-working Am... More
  • Barr: Dodd-Frank changes needed for accountability, economic growth
    May 24, 2017 - Congress will soon vote on a plan to significantly overhaul the 2010 financial control law commonly known as the Dodd-Frank Act. This is great news for jobs and growth in Kentucky. In the nearly seven years since enactment of the 2,300-page Dodd-Frank law, roughly one in five Kentucky credit unions... More
  • Committee Approves Financial CHOICE Act to End Bank Bailouts, Promote Economic Growth
    May 4, 2017 - Legislation to end bank bailouts, toughen penalties for wrongdoing on Wall Street, promote economic growth, and provide desperately needed regulatory relief for small community banks and credit unions passed the House Financial Services Committee 34-26 today. The legislation – the Financial CHOICE A... More
  • Wagner: Americans deserve the Financial CHOICE Act
    Apr 26, 2017 - Under the Obama Administration we saw the rise of imperial Washington, D.C., with the crushing weight of regulations from healthcare to energy to financial services harming small businesses and families from the coasts to the heartland. I hear it from my constituents each and every time I am in the... More
  • A New Approach to Financial Regulation
    Apr 25, 2017 - The United States has a rich history of bank crises. In fact, we’re number two in the world, with 13 all-time, just behind France with 15, and just ahead of the United Kingdom, with 12. Our first major banking regulation law, the National Currency Act, was passed in 1863 as a response to a bank fai... More
  • Williams: CHOICE Act will punish bad actors
    Apr 25, 2017 - Economists at a prominent think tank based in Washington, D.C. last week reported that a full repeal of the Dodd-Frank Wall Street Reform and Consumer Protection Act would boost the economy by one percent and generate $340 billion in federal revenue over a 10 year period. Dodd-Frank, as it is calle... More
  • The Financial CHOICE Act is needed to create jobs and opportunities for Americans
    Apr 25, 2017 - The months following the 2008 financial crisis were devastating for many Americans. Hardworking men and women lost their jobs, their savings, their pensions, and their homes. But instead of taking steps to strengthen consumer protections and bring stability to the financial system, Congress and the... More
  • Love: Bring on the CHOICE Act -- a common sense alternative to Dodd-Frank
    Apr 25, 2017 - Eight years ago, the nation experienced the worst financial crisis in 80 years, which cost millions of Americans their savings, their homes, and their jobs. The response – one that was well-intended, but overly broad -- expanded the federal government’s footprint in our lives and inadvertently left... More