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Washington, DC 20001

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  • Local 202.783.3870
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Blog

FreedomWorks’ Bill of the Month for June 2018: Repeal the Office of Financial Research, H.R. 5470

FreedomWorks is proud to announce that our bill of the month for June 2018 is H.R. 5470, sponsored by Rep. Ted Budd (R-N.C.). The bill would repeal the Office of Financial Research (OFR), a new independent agency within the Department of the Treasury that was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) to help spot the next financial crisis.

06/01/2018
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Key Vote

Key Vote YES on the Economic Growth, Regulatory Relief, and Consumer Protection Act, S. 2155

On behalf of our activist community, I urge you to contact your representative and ask him or her to vote YES on the Economic Growth, Regulatory Relief, and Consumer Protection Act, S. 2155, introduced by Sen. Mike Crapo (R-Idaho). The bill would provide targeted relief in the banking industry from onerous regulatory overreach into the financial sector created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as “Dodd-Frank.” Having passed the Senate already, passage in the House would send the bill directly to President Trump’s desk to provide regulatory relief from this onerous law, affecting millions of Americans.

05/22/2018
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Blog

Support the Federal Reserve Regulatory Oversight Act, H.R. 4755

On behalf of our activist community, I urge you to contact your representative and ask him or her to support the Federal Reserve Regulatory Oversight Act, H.R. 4755, introduced by Rep. Warren Davidson (R-Ohio). The bill would increase oversight over the Federal Reserve, whose regulatory power is far too overreaching, by subjecting its regulatory activities to the congressional appropriations process.

01/18/2018
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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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Blog

Who Needs Class Action When We've Got Regulations?

In a proposed regulation that would limit the use of arbitration agreements as a means to settle consumer disputes, the Consumer Financial Protection Bureau (CFPB) justifies its advocacy of the class action process through its own study, which, upon further examination, was no more than a data-filled, 728-page Trojan Horse.

05/27/2016
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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

CFPB Anti-Arbitration Rule Gives Millions to Class Action Lawyers, Leaves Consumers in the Dust

The Consumer Financial Protection Bureau (CFPB) hit a new low this month when they proposed a new rule that directly harms those that the CFPB was created to protect: the consumers. The proposed regulation would place severe restrictions on the use of arbitration in settling disputes, forcing consumer suits out of arbitration and into class action litigation. The studies and arguments the CFPB attempted to use in the proposal indicate that the CFPB is aware that it is harming consumers while padding the pockets of class action attorneys.

05/18/2016

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