Creating Opportunity for All Americans

Floor Speech

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Mr. Speaker, today the House will take up and consider an important bill that will help create opportunity for all Americans: the Financial CHOICE Act.

The Financial CHOICE Act repeals the most harmful aspects of the Dodd-Frank legislation that halted the flow of capital to our constituents, destroyed small community banks, frustrated small businesses, and generally made life harder for Americans. The Financial CHOICE Act provides relief to Main Street businesses that had nothing to do with the 2008 financial crisis, but were slammed with onerous and unnecessary regulations anyway.

Mr. Speaker, we need smart regulations that protect consumers and make our markets less risky. In many cases, Dodd-Frank did the opposite, and this has been a wet blanket on the economy, destroying jobs and opportunities for millions of Americans.

Importantly, Mr. Speaker, the bill also ends government bailouts for large banks considered too big to fail once and for all. It will cut our deficits by $25 billion and finally subject the Federal Reserve to a proper audit.

Mr. Speaker, above all, our bill promotes economic growth so that all Americans can have the freedom and ability to get the job they want, create the small business they have always dreamed of, and secure their family's future.

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