Democrats fight back against Dodd-Frank replacement act
Source: Housing Wire
Financial Services Committee Democrats are not going to let the Republicans easily shut the door on discussing the Financial CHOICE Act, the Republican-led act to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.
House Financial Services Committee Chairman Jeb Hensarling, R-TX, released an updated version of the Financial CHOICE Act, H.R. 10, earlier this month, simultaneously announcing that there would be only one scheduled committee hearing to discuss the act. The one and only hearing didn’t sit well with committee Democrats.
During the hearing, Rep. Maxine Waters, D-Calif., ranking member of the Financial Services Committee, submitted a letter to Hensarling requesting an additional hearing.
"Following the worst financial crisis since the Great Depression, this committee held 41 public hearings related to financial reform prior to the passage of the House version of the Dodd-Frank Wall Street Reform and Consumer Protection Act," the letter stated. “Mr. Chairman, while Democrats may not always agree with your policy proposals, we should all agree that the American public deserves nothing less than full transparency, accountability, and debate of the matters before this Committee.”
Read more: http://www.housingwire.com/articles/39996-democrats-fight-back-against-dodd-frank-replacement-act
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