Washington D.C.— Congressman Eliot L. Engel, a top member on the House Energy and Commerce Committee, issued the following statement on the Financial CHOICE Act:
“The Financial CHOICE Act is yet another bill designed by the GOP to dismantle key consumer protections under the false pretense of ‘consumer choice.’ If signed into law it will undo significant portions of the Dodd-Frank financial reforms, threatening to send our economy back to a time when reckless behavior in the financial sector was the norm. This bill could trigger another financial crisis, which as we all know can take years to fix, and do untold harm to the job market and working-class families in New York. I strongly oppose this bill and any action that could drag our economy back to the brink of collapse.”
Please note this statement was originally published on June 8, 2017 by Congressman Engel’s House of Representative’s office and posted to this website no sooner than 72 hours after initial publication.