U.S. Representative David Kustoff (TN-08), a member of the House Financial Services Committee, today released the following statement praising the Committee's approval of the Financial CHOICE Act, legislation to repeal the Dodd-Frank Act and promote economic growth.
"For seven years, the Dodd-Frank Act has prevented millions of Americans from achieving financial independence," said Kustoff. "The Financial CHOICE Act will repeal Dodd-Frank's one-size-fits-all regulations and finally allow small businesses and individuals to access the capital they need to grow and prosper. The legislation will also end tax-payer funded government bailouts of financial institutions and will hold and Washington and Wall Street accountable."
On April 13, Kustoff penned an op-ed for CNBC.com discussing the importance of repealing Dodd-Frank in order to revive the economy in West Tennessee and across the country.