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Join Occupy the SEC in Opposing the Repeal of the Dodd-Frank Act

Messages Sent So Far
As your constituent, I am requesting that you OPPOSE the ?Financial Choice Act?, which was recently proposed by Rep. Jeb Hensarling. That bill would effectively repeal the Dodd-Frank Act, which currently contains many protections for ordinary investors, consumers and debtors.

If passed, the Financial Choice Act would serve as little more than an outright gift from Congress to Wall Street bigwigs. Unfortunately, every-day Americans would be left paying the price for that gift.

Among other dangerous provisions, the Financial Choice Act would:

* roll back government regulations in the financial and banking sectors

* repeal the Volcker Rule, thereby allowing banks to resume speculative trading using taxpayer-insured deposits and free money from the Federal Reserve

* effectively neuter the Consumer Financial Protection Bureau, which is currently the only reliable government watchdog for consumer interests

* impose burdensome Cost-Benefit requirements that would restrict the ability of financial regulators to write regulations

* make it easier for banks to challenge inconvenient financial regulations in court

* deprive financial regulators of much-needed funding

* repeal the authority of regulators to protect the economy from systemically important (i.e. Too Big to Fail) institutions

* loosen capital requirements, thereby freeing banks to engage in the risky activities that produced the last crisis

Rep. Hensarling thinks that the American public has forgotten that financial malfeasance helped cause the Great Recession of 2008. Indeed, the BI-PARTISAN Financial Crisis Inquiry Commission found that speculative mortgage-backed securities bought and sold on Wall Street helped cause the 2008 crisis.

According to the Federal Reserve, from 2007 to 2010, typical families lost a whopping 39 PERCENT of their wealth. Since 2010, Dodd-Frank has imposed numerous restrictions that make it harder for banks to once again decimate the American economy.

Unfortunately, Rep. Hensarling and his backers seem more interested in coddling rich bankers than looking out for the financial interests of the average American.

I ask you to strongly oppose the Financial CHOICE Act and similar attempts to enrich corporate America at the expense of the people.
Public Comments
Jun 11th, 2017
Elizabeth L. from Grand Junction, CO signed.
Jun 8th, 2017
Donelle M. from Chehalis, WA signed.
Feb 19th, 2017
Someone from Charlotte, NC signed.
Feb 9th, 2017
Chase M. from Alameda, CA writes:
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The Financial Choice Act would strip power away from Americans and give banks the freedom to take all the risks while taxpayers will pay for the damage. This is a money grab legislation for big banks and very dangerous to the health of our economy and only a benefit to the 1%.
Feb 4th, 2017
Someone from Fort Worth, TX signed.
Nov 30th, 2016
Someone from Laramie, WY signed.
Nov 16th, 2016
Patricia B. from Phoenix, AZ signed.
Nov 10th, 2016
Carolyn G. from Austin, TX signed.
Aug 30th, 2016
Someone from Lexington, MA signed.
Aug 30th, 2016
Someone from Cambridge, MA signed.
Aug 29th, 2016
Someone from Hyannis, MA signed.
Aug 29th, 2016
Someone from Cambridge, MA signed.
Aug 29th, 2016
Someone from Santa Rosa, CA signed.
Aug 29th, 2016
Someone from Liberty, NY signed.
Aug 28th, 2016
Someone from Woodbourne, NY signed.
Aug 28th, 2016
Someone from Newbury, MA signed.
Aug 28th, 2016
Someone from Baltimore, MD signed.
Aug 28th, 2016
Someone from Issaquah, WA signed.
Jul 25th, 2016
Someone from Bensalem, PA signed.
Jun 27th, 2016
Someone from Boston, MA signed.
Jun 26th, 2016
Someone from Liberty, NY signed.
Jun 26th, 2016
Someone from Peabody, MA signed.
Jun 25th, 2016
Someone from New York, NY signed.
Jun 15th, 2016
Someone from Raleigh, NC writes:
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There is little benefit to the public from the Financial Choice act. The benefits (and short term at that) are focused on the leading financial firms which need to have less influence on policy and the markets, not more.
Jun 12th, 2016
Someone from Manchester, CT signed.
Jun 12th, 2016
Someone from Albuquerque, NM signed.
Jun 11th, 2016
Someone from Mesa, AZ signed.
Jun 11th, 2016
Someone from Wiscasset, ME writes:
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Dodd-Frank Act must at all costs stay in place, and in the future, re-enact Glass-Steagall Act, "also known as the Banking Act of 1933 (48 Stat. 162), was passed by Congress in 1933 and prohibits commercial banks from engaging in the investment business. It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression." We need this more than ever, for our kids.
Jun 10th, 2016
Someone from Harwood Heights, IL signed.
Jun 9th, 2016
Someone from San Luis Obispo, CA writes:
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The Dodd-Frank Act must remain in place and not repealed. We must also reinstate the Glass-Steagall Act.
Jun 9th, 2016
Someone from Charlotte, NC writes:
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With our economic reality so skewed to the benefit of the wealthy and so reeking of inequality, Rep. Hensarling's bill is just plain dumb. He and supporters of this ridiculous bill ought to be ashamed. We need MORE regulations of our rampantly profiteering financial industry, not less.
Jun 9th, 2016
Someone from Chicago, IL signed.
Jun 9th, 2016
Someone from Orlando, FL signed.
Jun 9th, 2016
Someone from Brooklyn, NY signed.
Jun 9th, 2016
Someone from Naperville, IL signed.
Jun 8th, 2016
Someone from Land O Lakes, FL signed.
Jun 8th, 2016
Someone from Baltimore, MD signed.
Jun 8th, 2016
Someone from Cambridge, MA signed.
Jun 8th, 2016
Someone from Washington, MO signed.
Jun 8th, 2016
Someone from Berkeley, CA signed.
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