05-03-17
The CHOICE Act: Congress Introduces Bill to Reengineer the Regulatory Landscape
Last week, House Financial Services Committee Chairman Jeb Hensarling unveiled an updated version of the Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act (a/k/a “the Financial CHOICE Act), a bill first introduced in 2016 as HR 5983. The new version of the Act includes a dedicated effort to roll back the purported regulatory overreach of Dodd-Frank combined with an ambitious grab-bag of financial services reforms. If enacted, the reforms would dramatically change the financial services landscape.