House Financial Services Committee Holds Hearing on the Financial CHOICE Act of 2017

On April 26, 2017, the Financial Services Committee of the U.S. House of Representatives held a hearing entitled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers and Entrepreneurs.” The hearing examined the discussion draft of the “Financial CHOICE Act of 2017,” (or “CHOICE Act 2.0”) which was introduced by Committee Chairman Rep. Jeb Hensarling (R-TX) on April 19, 2017. The CHOICE ACT 2.0 aims to reform and repeal components of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. This draft legislation is anticipated to affect how the current Congress will consider financial regulatory reform initiatives.

Read more for a summary of the topics discussed at the hearing.