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Committee again passes Choice Act, trades react
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Banking, Consumer Protection, Financial Stability, Legislation, Volcker Rule
Friday, May 5, 2017
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The House Financial Services Committee voted in favor of Rep. Jeb Hensarling’s (R-Texas) Financial Choice Act (FCA) after a three-day markup session that ended May 4 after Democrats worked to extend the review process by offering more than 50 amendments. Financial trade organizations expressed support for the committee’s passage of Hensarling’s bill, which first was introduced and approved by the committee in September 2016 but did not come up for a vote by the full House. Read on to find out by what margin the bill passed and what the trades had to say.
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