House Committee approves Mortgage Choice Act

The House Financial Services Committee marked and favorably reported the H.R. 3211, the Mortgage Choice Act. It can now be referred to the House floor for consideration.

The House Financial Services Committee on Thursday passed the Financial CHOICE Act, a sweeping piece of GOP-backed legislation that would, if approved, gut major portions of the Dodd-Frank Act and significantly limit the power of the Consumer Financial Protection Bureau (CFPB). As was expected, the measure passed in a party-line vote, 34 to 26.

Other sections of the Economic Growth act address mortgage reform,. House Financial Services Committee Chairman Jeb Hensarling (R-TX) made a. enough to know that the house-passed financial choice act is not a.

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On May 4 H.R. 10, the Financial CHOICE Act (the Act) introduced by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, obtained enough votes to move the bill on to the House of Representatives floor. The Act seeks to rollback or modify many of the regulatory and supervisory requirements imposed by the Dodd-Frank Act.

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House committee debates bill to add additional requirements on SNAP recipients The focus would then shift to the House. Lawmakers have essentially moved on from House Financial Services Committee Chairman Jeb Hensarling’s regulatory relief package, the Financial Choice Act, a.

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House approves financial choice Act. A variety of interest groups, including the Council of Institutional Investors, have expressed strong opposition to the bill, and the chances of the Senate passing the bill in its current form appear low. Nevertheless, the bill will serve as an important reference point in the negotiation.

The US House Committee on Financial Services’ has voted in favor of the Financial CHOICE Act by 30 votes to 26. The legislation would replace the Dodd-Frank Act and is an attempt to reduce regulatory oversight of the private equity industry.

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The U.S. Court of Appeals for the District of columbia circuit heard oral arguments about the future of the CFPB in a case a mortgage. The House Financial Services Committee approved a new.

SUMMARY OF KEY PROVISIONS OF THE FINANCIAL CHOICE ACT. companies (BHCs) and savings and loan holding companies (SLHCs); and. Committee on Banking, Housing and Urban Affairs on the SEC use of its authority.. affirmative congressional approval before becoming effective (House-passed H.R. 427,

House Committee Approves Garrett Promoted Financial CHOICE Act to end Corporate Bailouts Skip to navigation Skip to content The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.