Dodd-Frank Must Go. Here’s the Republican Plan to Save Community Banks, Spur Economic Growth.

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Heritage Foundation:

With control of both the White House and Congress, Republicans finally have the opportunity to reignite the economy.

 

American families and workers have been waiting for eight long years for a return to healthy economic growth and opportunity, and congressional Republicans are ready to deliver.

 

Along with Obamacare and the Environmental Protection Agency’s regulatory excesses, the Democrat-backed Dodd-Frank financial regulatory reform stands out as a leading cause of the Obama era’s economic malaise.

 

At the Financial Services Committee, we have been hard at work crafting a legislative solution that will end “too big to fail” and puts in place reforms that will allow our economy to grow again.

 

It’s called the Financial CHOICE Act.

 

The Financial CHOICE Act is based on several key principles. First, we recognize that American families, as well as businesses large and small, need access to capital. Dodd-Frank’s onerous rules have choked off the loans that so many Americans rely on to make their dreams a reality.