VIDEO: Yoder Floor Speech on Financial CHOICE Act
Washington, DC – This afternoon, Representative Kevin Yoder (R-KS) spoke on the floor of the House of Representatives about the importance of passing the Financial CHOICE Act, legislation that repeals portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and brings needed reforms to the financial sector to increase the flow of much-needed capital to small businesses across America. The House passed the CHOICE Act by a 233-186 vote, with Rep. Yoder’s support.
To watch a video of Yoder's floor remarks, click here.
The following are Yoder’s remarks as prepared for delivery:
“Mr. Speaker, today the House will take up and consider an important bill that will help create opportunity for all Americans - the Financial CHOICE Act.
“The CHOICE Act repeals the most harmful aspects of Dodd-Frank that halted the flow of capital to our constituents, destroyed small community banks, frustrated small businesses and made life harder for Americans.
“The CHOICE Act provides relief to Main Street businesses that had nothing to do with the 2008 financial crisis but were slammed with onerous and unnecessary regulations anyway. Mr. Speaker we need smart regulations that protect consumers and make our markets less risky. In many cases, Dodd-Frank did the opposite, and this has been a wet blanket on the economy, destroying jobs and opportunities for millions of Americans.
“Importantly, the bill also ends government bailouts for large banks considered “too big to fail” – once and for all.
“It will cut our deficits by $25 billion and finally subject the Federal Reserve to a proper audit.
“Mr. Speaker, above all, our bill promotes economic growth so that all Americans can have the freedom and ability to get the job they want, create the small business they’ve always dreamed of, and secure their family’s future.”