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Luetkemeyer, House of Representatives Pass Legislation to End Taxpayer Bailouts and Foster Greater Access to Credit

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Washington, June 8, 2017 | comments
U.S. Rep. Blaine Luetkemeyer (MO-03) and the House of Representatives today passed the Financial CHOICE Act - an alternative to the failed Dodd-Frank Act and related Obama-era policies.
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U.S. Rep. Blaine Luetkemeyer (MO-03) and the House of Representatives today passed the Financial CHOICE Act - an alternative to the failed Dodd-Frank Act and related Obama-era policies.

“Today represents a major victory for Main Street America and Americans who simply want the opportunity to achieve financial independence,” Luetkemeyer said. “Passage of the Financial CHOICE Act will end the era of taxpayer-funded bailouts for Wall Street and give Main Street access to the financial tools it needs to succeed. The Financial CHOICE Act delivers much needed regulatory relief, and I am proud of my colleagues in the House of Representatives who recognize the importance of this comprehensive, jobs first, bill.”

Included in the Financial CHOICE Act is Luetkemeyer’s bill, the Financial Institution Customer Protection Act, which would bring an end to Operation Choke Point. The Financial CHOICE Act also includes elements of Luetkemeyer’s Unfair or Deceptive Acts of Practices Uniformity Act, and legislation to improve access to mortgage credit and grant regulatory relief to community banks and credit unions.

Luetkemeyer is Chairman of the Subcommittee on Financial Institutions and Consumer Credit and is an original co-sponsor of the Financial CHOICE Act.

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