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Westerman on Financial CHOICE Act: “Arkansas and Other Rural Areas Need Relief”

June 8, 2017
Press Release

WASHINGTON – Congressman Bruce Westerman (AR-04) issued the following statement Thursday (June 8) upon passage of H.R. 10, the Financial CHOICE Act:

“When the Dodd-Frank bill was passed after the 2008 financial crisis, it imposed draconian restrictions on small community banks that are now failing at a rate of one per day,” Westerman said. “It prevented everyday Americans from securing credit to purchase their first home or finance their small business. Dodd-Frank raised the price of basic financial products like checking accounts, putting further strain on cash-strapped households. Simply put, Dodd-Frank hurt hard working taxpayers and protected the 'too big to fail' Wall Street banks. That is why I joined my House colleagues and voted for the Financial CHOICE Act. Arkansas and other rural areas need relief and this bill provides that to consumers.”