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Congresswoman Joyce Beatty

Representing the 3rd District of Ohio

Beatty Blasts Financial CHOICE Act Vote

May 4, 2017
Press Release

Beatty Blasts Financial CHOICE Act Vote

Bill will gut the landmark Wall Street Reform and Consumer Protection Act

WASHINGTON, D.C. – Today, U.S. Congresswoman Joyce Beatty issued the following statement following passage of the Financial CHOICE Act, H.R. 10, on a party-line vote of 34-26:

“I do not support the Financial CHOICE Act because it is in fact the ‘wrong choice’ for consumers. I believe the Financial Services Committee should be focusing on how to improve the economy through common-sense proposals that build on Dodd-Frank’s successes and improves on its shortcomings. The Financial CHOICE Act does the exact opposite, allowing Wall Street to gamble with Americans’ heard-earned savings and engage in the same type of risky and speculative behavior that led to the 2008 Financial Crisis, and the bill undermines the Consumer Financial Protection Bureau—the very federal agency that has returned nearly $12 billion to almost 30 million Americans.”