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Washington, DC 20001

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  • Local 202.783.3870
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Blog

Regulation: A Wind to Our Back or A Wind to Our Face?

Is this spike in job growth a sign that businesses are hopeful for the economy under the Trump administration? According to the May 2017: ADP Employment Report, the private sector added 253,000 jobs in the month of May, up from 174,00 jobs added in April. Small businesses account for one-third for the workforce creating 83,000 new jobs last month with increases in construction, education and health, and professional business services.

06/09/2017
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Key Vote

Key Vote YES on the Financial CHOICE Act, H.R. 10

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and urge him or her to vote YES on the Regulations from the Financial CHOICE Act, H.R. 10, introduced by Rep. Jeb Hensarling (R-Texas). The Financial CHOICE Act would significantly reform the Dodd-Frank Wall Street Reform and Consumer Protection Act by reducing its regulatory overreach and increase accountability.

06/07/2017
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Blog

House Must Repeal the Durbin Amendment in Financial CHOICE Act

There has been much debate over the past week about the Financial CHOICE Act introduced by Chairman Jeb Hensarling (R-Texas). The bill, which FreedomWorks supports, would significantly reform the Dodd-Frank Wall Street Reform and Consumer Protection Act that was passed in 2010 to purportedly address the causes of the 2007-2008 recession.

05/10/2017
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Blog

House Financial Services Committee Begins Work on Dodd-Frank Reform

The House Financial Services Committee held a hearing on Wednesday on the Financial CHOICE Act, which was recently introduced by Committee Chair Jeb Hensarling (R-Texas). The bill would greatly reform the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill has been introduced for the past two congressional cycles and is now once again up for critical evaluation.

04/28/2017
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Blog

Support the Financial CHOICE Act, H.R. 10

On behalf of our activist community, I urge you to contact your representatives and urge them to cosponsor the Financial CHOICE Act, H.R. 10, introduced by House Financial Service Committee Chairman Jeb Hensarling (R-Texas). The bill would create more accountability in the United States’ financial system, end the “too big to fail” mentality, and promote economic growth.

04/28/2017
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Press Release

Trump’s Dodd-Frank Actions

FreedomWorks CEO Adam Brandon commented on the news of President Trump’s impending actions targeting Dodd-Frank:

02/03/2017
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Blog

The Legacy of Dodd-Frank: Maintaining "Too Big to Fail" and Destroying Community Banks

In 2010, Congress passed, and President Obama signed into law, a massive 2,300-page banking regulatory bill called the Dodd-Frank Wall Street Reform and Consumer Protection Act. The premise of Dodd-Frank was to prevent another financial crisis and, as the title suggests, reform regulation of Wall Street. Like many well-intentioned laws, however, Dodd-Frank in the hands of the regulatory state has turned into a crushing burden, highlighted today in a House Small Business Committee hearing titled “Bearing the Burden: Overregulation Impact on Small Banks and Rural Communities.” Rather than ending the situation where a few massive banking institutions were “too big to fail,” Dodd-Frank has actually entrenched the big banks at the top of the heap while crushing small community banks and credit unions.

06/09/2016
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Blog

Dodd-Frank Strikes Again with Wall Street Compensation Rule

Last month's proposed rule on Incentive-Based Pay, the "London-Whale Sized Regulation," is open for comment until July 22. This proposal carries large implications for financial sector operations and also represents a overall trend in Dodd-Frank regulations.

05/20/2016
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Blog

London Whale-Sized Regulations on Wall Street Pay

Financial regulators released a 279-page proposal that would set parameters around how and when Wall Street Executives make their money. The proposal, mandated by the Dodd-Frank Act, is a five-year project spanning across six regulatory agencies.

05/11/2016
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Op-ed Placement

Retailers Seek a Wealth Transfer From the Banks

On Friday, March 21, the United States Court of Appeals for the District of Columbia handed retailers a considerable setback in their ongoing war against banks over price controls on interchange fees-the fees charged to retailers when they accept debit cards as payment. The court's decision is the latest salvo in the wake of the Durbin Amendment, which was hurriedly and quietly added to the Dodd-Frank financial services reform legislation of 2010. The amendment mandated that the Federal Reserve Board establish price caps for debit card interchange fees. Retailers claimed the caps were necessary to protect consumers, but the reality of the Durbin Amendment has been a direct transfer of resources from banks to retailers, with consumers facing higher costs as collateral damage.

03/25/2014

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