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Center for American Progress

The Financial CHOICE Act Is the Wrong Choice for the U.S. Economy
In the News

The Financial CHOICE Act Is the Wrong Choice for the U.S. Economy

Gregg Gelzinis explains how the Financial CHOICE Act would put the U.S. economy and taxpayers at risk.

The House of Representatives is expected to soon vote to repeal most of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Passed in the wake of the devastating financial crisis that cost 8.7 million jobs, $19 trillion in wealth and almost 10 million homes, Dodd-Frank put in place consumer and financial stability safeguards to respond to the clear and unmistakable lessons learned during the crisis. The bill being considered by the House, the Financial CHOICE Act, would eviscerate these safeguards, putting the U.S. economy and taxpayers in the same perilous position as prior to the financial crisis.

The above excerpt was originally published in Morning Consult. Click here to view the full article.

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Authors

Gregg Gelzinis

Associate Director