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.
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.
Rep. Jeb Hensarling was first elected to Congress in 2002 to represent Texas’ 5th Congressional District. He holds a lifetime score of 91 percent on the FreedomWorks Congressional Scorecard, has won the annual FreedomFighter Award multiple times, and achieved a perfect score for three consecutive years.
Following the announcement of the creation of the Article I Project, co-chaired by Sen. Mike Lee and Rep. Jeb Hensarling, FreedomWorks Foundation Executive Director Curt Levey commented:
Article I of the U.S. Constitution grants Congress the power to make law and to allocate how money is spent in the enforcement of those laws. The president’s role, in contrast, was envisioned by the founders as much more limited. They didn’t want a king, who could govern as he pleased without accountability to the people, and so they restricted his role to Commander in Chief of the military, with the power to make treaties only with the advice and consent of the Senate.