today we end the bailouts

Communications • June 8, 2017

This morning, House Republican Conference Chair Cathy McMorris Rodgers (R-WA) joined Maria Bartiromo on Fox Business and The Hugh Hewitt Show to talk about how today’s vote on the Financial CHOICE Act is the latest in House Republicans’ continuing work to provide regulatory relief to the American people. She also reflected on House Republicans’ progress on other major priorities, including tax reform and repealing and replacing Obamacare.

Here are the highlights from her interviews:

Regulations Are Hurting People Back Home

On Hugh Hewitt: “Under the previous administration, under President Barack Obama, we saw record regulations. One that overwhelmed a lot of our banks, and especially the community banks and credit unions in this country, was the Dodd-Frank bill that was over 2,000 pages of law that resulted in thousands and thousands of pages of regulations. What that meant for individuals was that their ability to go to their local banker and get a loan — whether it was a mortgage or a loan for the farm — they were losing their choices.  I was just out in Davenport, Washington, a small town in Eastern Washington, and Main Street is really struggling. And they talked about how the local banks and credit unions do not have the ability to offer those loans.”

Regulatory Relief is Our Priority

On Fox Business: “Lifting the regulatory burdens on this country is one of our top priorities. It’s one of the best things we can do to get more jobs created in this country, to grow our economy, to create more opportunities. That’s why we’ve made it a cornerstone, along with other issues like tax reform and health care reform, but that regulatory burden has been suffocating and really holding down economic activity and innovation in America.”

Why We Need the Financial CHOICE Act

On Fox Business: “The CHOICE Act is lifting the regulatory burden that was imposed by Dodd-Frank. It includes more accountability, no more bailouts of Wall Street, but really focusing on what it’s going to take to ensure that people in this country, hardworking Americans, have access to credit….we’re putting accountability where it belongs.”

On Hugh Hewitt: “I think it’s important for people to know that Wall Street opposes the Financial CHOICE Act, and it’s the small banks that are supporting it because they recognize that this is an appropriate to provide the accountability to the individuals and to the financial institutions, and make sure that America has access to credit and capital. That is part of what’s made us competitive and distinguished us from the world.”

Republicans are Focused on the People’s Priorities

On Fox Business: “[The House] is focused on getting the job done. We recognize that we have a lot of work to do. We have a very aggressive agenda that we put together at the beginning of the year. The House has taken action to repeal and replace Obamacare. We’re taking important action today to overhaul Dodd-Frank. We continue to focus on lifting the regulatory burden. We’re going to be working on tax reform — we’ve been working on it for many weeks and months and we’re anxious to move forward with the legislation. We believe that we just have to keep passing the bills and continue to work with the Senate and the administration so that we can get more done. …Doing big things is not easy….this is a time that we must act.”

On Fox Business: “I’m very proud to be a Member of the House — we are the People’s House — we’re closest to the people. And I am proud of the work that we have done that’s focused on what it’s actually going to take to create jobs, to create opportunities, and to help people all across the country have a better life.”