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Washington, DC- FreedomWorks applauds the House’s passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
FreedomWorks President and CEO Adam Brandon commented:
“The passage of Economic Growth, Regulatory Relief, and Consumer Protection Act is a move in the right direction to dial back federal overreach. Smaller community banks finally have the targeted relief they have needed since the passage of Dodd-Frank.”
“Congress has gained some oversight over the CFPB, which as it stands is an unaccountable entity that can unfairly regulate the banking industry. This bill puts power back into the hands of Congress, the American people’s elected representatives, rather than solely in the hands of a group of unelected bureaucrats.”
This vote in favor of Dodd-Frank reform the dovetails with the Trump administration’s push for deregulation.