Further details from Rep. Jeb Hensarling’s (R-Texas) alternative bill to the Dodd-Frank Act revealed additional CUNA-supported regulatory relief provisions. Hensarling, chair of the House Financial Services Committee, unveiled part of his proposal earlier this month.
The Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) has yet to be officially introduced, but Hensarling has been releasing information on its content over the past few weeks.
Hensarling’s bill includes language from the following CUNA-supported bills:
As previously reported in News Now, the bill also contains other regulatory relief for credit unions, including:
For a deeper dive into Hensarling’s bill, see CUNA’s Removing Barriers blog.