Rep. Smith: “Communities Across Texas Will be Well-Served by Financial CHOICE Bill”
Washington, DC – Today Congressman Lamar Smith (R-TX) gave the following statement on his vote in support of the Financial CHOICE Act (H.R. 10), which passed in the House 233-186:
Rep. Smith: “The Dodd-Frank law over-regulates the financial services sector and has permanently closed the doors of hundreds of local banks across the country. Under Dodd-Frank it has become more expensive for families to buy a home, send a child to college, plan for retirement or to start a business.
“The Financial CHOICE Act removes burdens that discourage bank lending, decreases the cost of compliance, and improves access to credit. The CHOICE Act also ends Dodd-Frank’s taxpayer bailout of banks, called “Too Big To Fail.” Communities across Texas and America will be well-served by the accountability, opportunities and transparency in Chairman Hensarling’s bill.”