House Republican Conference Chair Cathy McMorris Rodgers (R-WA) released the following statement after the House passed the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
“From farmers to business owners to families who want to buy a home, rolling back financial regulations will help make our newly booming economy work for everyone in this country. Dodd-Frank failed in achieving its stated goals, and instead of reining in Wall Street abuses, it put many on Main Street out of business. I applaud Chairman Hensarling for taking the lead last year to pass a robust reform of Dodd-Frank, and I am proud that today we are taking an important step in scaling back these onerous restrictions on our community banks and credit unions. I’m glad to see this bill heading to the President’s desk for his signature, and I hope that the Senate will continue our work to provide relief for Main Street by considering the bipartisan work done by the Committee here in the House.”
Note: In this morning’s House leadership press conference, McMorris Rodgers said, “We’re also sending, this week, a major financial services bill that will unleash Main Street, provide more relief to our community banks. Again, so much of the red tape was impacting Americans, whether they were trying to get a new mortgage for a home, purchase a car, or meet other important needs.”
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— House Republicans (@HouseGOP) May 22, 2018