Press Releases

Today, Congressman French Hill (AR-02) released the following statement after House Financial Services Committee Chairman Jeb Hensarling introduced the Financial CHOICE Act:

“The Financial CHOICE Act will lead to a healthier, safer, and stronger banking industry by ending the one-size-fits-all regulatory approach of Dodd-Frank that is systematically crippling the ability of community banks to succeed. These relationship-driven, locally focused banks historically have played a primary role in providing loans and access to capital to many consumers and small businesses. The CHOICE Act will create an environment where our smaller financial institutions can fulfill their important role in bolstering economic growth.  

“The bill also will end ‘too big to fail’ and the potential for future taxpayer-funded bank bailouts. Dodd-Frank institutionalized ‘too big to fail’ by enabling unelected bureaucrats in Washington to decide what constitutes ‘systemically important.’ The CHOICE Act will allow these institutions to fail without disrupting the economy or leaving the taxpayers on the hook. I am also very pleased that bad actors will be held more accountable by increasing penalties for financial fraud and self-dealing.”

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