Items Tagged with 'H.R. 10'

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  • Is the Financial CHOICE Act DOA in the Senate?

    Moves to abolish Dodd-Frank
    House Financial Services Committee Chairman Jeb Hensarling’s, R-Texas, Dodd-Frank replacement is officially on its way to the Senate for a vote. But the odds that Financial CHOICE Act will pass through the Senate in one piece are not looking good. For starters, the bill received only partisan support so far.
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  • Speaker of the House: 5 reasons to support the Financial CHOICE Act

    Act set to go before full House for debate Wednesday
    With the Financial CHOICE Act set to go for a vote before the full House of Representatives later this week, Speaker of the House of Representatives, Paul Ryan, R-Wis., chimed in on the discussion to explain why the act is so important. So far, the act only garnered partisan support, failing to gain a single Democrat vote in the Financial Services Committee.
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  • House set to vote on law to "dismantle" Dodd-Frank

    Don't say goodbye to the CFPB just yet...
    The Republican-led Financial CHOICE Act, which is the leading alternative to the Dodd-Frank Wall Street Reform and Consumer Protection Act, is officially set to go before the full House next week. But does it have a chance to pass the Senate? Here's where the legislation stands right now.
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  • CBO: Here's how much money Financial CHOICE will save the country

    Most savings come from how the CFPB is funded
    The results are in. The House Committee on Financial Services ordered the Congressional Budget Office, a nonpartisan analysis for the U.S. Congress, on May 4 to figure out the financial impact of the Republican-led Financial CHOICE Act, which is the leading option to replace Dodd-Frank. Turns out, the act could save the government billions of dollars.
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  • Financial CHOICE Act narrowly passes committee, next stop full House

    Passed 34-26
    After three days, the Financial Services Committee passed the Financial CHOICE Act, H.R. 10. The act faced a lot of opposition from committee Democrats, including a forced three-hour delay during the mark-up session. But despite all the political theater, the CHOICE passed out of the committee and is headed to the full House of Representatives.
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  • MBA comes out in support of Financial CHOICE Act, with some conditions

    Proposes these changes for the CFPB
    The Republican-led Financial CHOICE Act, H.R. 10., is currently under review by the Financial Services Committee as it begins the process to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act. Democrat and Republican committee members are already at war over of the details of the act, and now, the Mortgage Bankers Association, the largest trade group in the mortgage finance space, is weighing in on the discussion.
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