Rep. Wilson Praises Passage of Financial CHOICE Act
Washington, D.C. - Congressman Joe Wilson (SC-02) issued the following statement following the House passage of the Financial CHOICE Act:
“The House of Representatives took a huge step forward today in undoing the regulatory burdens of Dodd-Frank, a reckless overreach into America’s financial laws, which has destroyed jobs. Dodd-Frank has been harmful for American families—driving up the costs of banking and mortgages, while doing nothing to address taxpayer funded bailouts, unaccountable agencies, or “too big to fail,” as jobs are destroyed.
The Financial CHOICE Act presents a clear path forward for American families by holding Wall Street accountable, increasing transparency in regulatory agencies, and supporting small businesses, which creates jobs. I am especially grateful that the CHOICE Act repeals the Fiduciary Rule, a burdensome 1,000 page regulation that increases costs and limits choices for families saving for retirement.”