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Hensarling’s Plan to Deregulate Wall Street Would Bring Disaster


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Hensarling’s Plan to Deregulate Wall Street Would Bring Disaster

WASHINGTON - This morning, U.S. House Financial Services Committee Chair Jeb Hensarling (R-Texas) delivered the outline of a major financial deregulation plan, which he has misleadingly named the CHOICE Act.

“Hensarling’s plan would be abysmal for the Main Street economy. Eviscerating the most important legacy of the Obama administration, namely U.S. Sen. Elizabeth Warren’s Consumer Financial Protection Bureau, is but one of the elements that renders this proposal nothing more than a fundraising tool for lawmakers soliciting contributions from Wall Street.”

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