Third Way Statement on Passage of the Financial CHOICE Act in the House Financial Services Committee

WASHINGTON—Third Way released the following statement from Jim Kessler, Senior Vice President for Policy:

"While Washington was under anesthesia during the surgical excision of the ACA in Congress today, the House Financial Services Committee performed a ‘repeal and replace’ procedure of its own on Dodd-Frank, the most important financial reform law in 75 years. While no legislation is perfect, Dodd-Frank balances the need for safety in the banking and financial system without discouraging economic activity. It is a shame that Republicans in Congress are so focused on erasing President Obama’s legacy that they are willing to put our country’s economic future in jeopardy. As Republicans seek to bring this to the floor, Third Way will continue to defend Dodd-Frank as a pro-growth, pro-market, and pro-investor law that protects the nation from financial ruin."