Retirement insights from a Colorado PERA perspective

Legislation & Governance

Financial CHOICE Act Would Repeal Dodd-Frank Provisions

dodd-frank

Last Thursday, the U.S. House of Representatives voted to pass H.R. 10, the Financial CHOICE Act, on a 233-186 vote. This bill would repeal certain provisions of the 2010 Dodd-Frank legislation, which was put in place to prevent a banking collapse similar to what occurred during the 2008 financial crisis. Some of the provisions subject to repeal are those that safeguard investors’ access to information and research necessary to hold management and boards of public companies accountable.

PERA sent a letter to each member of Colorado’s federal congressional delegation urging a no vote on the legislation.

The bill now heads to the Senate.

Rep. Scott Tipton (R-CO-03) is a cosponsor of the legislation.

For further details on H.R. 10, read the letter PERA sent to Representatives DeGette, Polis, Tipton, Buck, Lamborn, Coffman, and Perlmutter here.

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  • Jeffrey Sprole

Comments

  1. Cynthia Irish says:

    Why oh why should these measures preventing future meltdowns be repealed? Trump and his co-Workers have no valid reason to repeal these rules. Consumer protections must be protected from the Billionaires who would destroy them!!!!!

  2. Nancy A. Higgins CFP says:

    Thank you for writing the letter against the HR 10 and the repeal of important sections of the Dodd-Frank legislation protecting consumers from banking, mortgage and brokerage practices which led this country into our last recession!
    Short sighted and wealthy benefactors of no regulation take advantage of middle Americans and will continue to ruthlessly profit without safeguards like the Dodd-Frank Act !

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