Financial CHOICE Act
E1022315
The Financial CHOICE Act was a Republican-backed U.S. legislative proposal aimed at rolling back key provisions of the Dodd-Frank financial regulations and reshaping federal oversight of the banking industry.
Statements (40)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal legislative proposal
ⓘ
financial regulatory reform bill ⓘ |
| aimedAt | replacing parts of Dodd–Frank framework ⓘ |
| appliesToSector |
banking industry
ⓘ
financial services industry ⓘ |
| containsProvisionOn |
capital requirements for banks
ⓘ
financial regulatory agency powers ⓘ oversight of the Consumer Financial Protection Bureau ⓘ regulatory relief for community banks ⓘ systemically important financial institutions designation ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| criticizedBy | consumer advocacy organizations ⓘ |
| criticizedFor |
reducing consumer financial protections
ⓘ
weakening post‑crisis financial safeguards ⓘ |
| focus |
modifying oversight of large financial institutions
ⓘ
reducing compliance costs for banks ⓘ |
| fullName | Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act NERFINISHED ⓘ |
| ideologicalOrientation | deregulatory ⓘ |
| introducedInChamber | United States House of Representatives NERFINISHED ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| legislativeStatus | did not become law as introduced ⓘ |
| opposedByParty | Democratic Party NERFINISHED ⓘ |
| policyArea |
banking regulation
ⓘ
consumer financial protection ⓘ financial regulation ⓘ |
| primaryGoal |
alter post‑crisis financial regulatory framework
ⓘ
reduce regulatory burdens on financial institutions ⓘ reshape federal oversight of the U.S. banking industry ⓘ roll back key provisions of the Dodd–Frank Wall Street Reform and Consumer Protection Act ⓘ |
| regulatoryPhilosophy | market‑oriented financial regulation ⓘ |
| relatedToLaw | Dodd–Frank Wall Street Reform and Consumer Protection Act NERFINISHED ⓘ |
| shortName | Financial CHOICE Act NERFINISHED ⓘ |
| soughtToChange | federal financial regulatory structure ⓘ |
| soughtToLimit | scope of certain financial regulations ⓘ |
| sponsoredBy | Jeb Hensarling NERFINISHED ⓘ |
| sponsoredInCongressBy | Republican lawmakers ⓘ |
| subjectOfDebate | post‑2008 financial crisis regulatory response ⓘ |
| supportedBy | many financial industry groups ⓘ |
| supportedByParty | Republican Party NERFINISHED ⓘ |
| timePeriod | post‑2008 financial crisis era ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.