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Wagner Legislation To Strengthen Credit Rating Company Oversight Passes House

Statement

Date: July 26, 2022
Location: Washington, DC
Issues: Finance and Banking

Congresswoman Ann Wagner (R-MO), Vice Ranking Member of the House Financial Services Committee, released the following statement after her Risk-Based Credit Examination Act passed the United States House of Representatives:

"The Risk-Based Credit Examination Act will help consumers at an incredibly volatile economic time and will reduce the costly burdens placed on smaller credit rating agencies by Dodd-Frank. I am proud to report my legislation passed the House today, and now we look to the Senate to take immediate action so a more competitive marketplace can flourish under a more efficient and effective set of financial regulations."


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