Washington, DC – Congresswoman Barbara Comstock made the following statement on H.R. 10, the Financial Creating Hope and Opportunity for Investors, Consumer and Entrepreneurs (CHOICE) Act, that passed today by a vote of 233 to 186.
“Whether someone is trying to get a mortgage on a house or a farm, or obtain a small business loan, the thousands and thousands of pages of additional regulations have been overwhelming our community banks and credit unions. Since Dodd-Frank was enacted, big banks have grown larger, while our community banks and credit unions have closed at an average rate of one a day. The Financial CHOICE Act we voted on today ends bank bailouts, holds wrongdoers accountable, and saves the American taxpayers money; while easing the impact and cost of burdensome regulations for families, small businesses, credit unions, and community banks.”