"We have to repeal it and replace it with legislation to insure that every American has the opportunity for financial independence. Basically, economic growth for all, bailouts for none. Dodd-Frank is to household finances what Obamacare is to household healthcare....What's interesting is even Barney Frank has indicated he would change about a half a dozen fairly significant provisions of his own namesake law but there are so many democrats who view this as sacred text like it came down from the tablets on Mt. Sinai and it's kind of an ideological commitment, a class warfare thing, but meanwhile the big banks are getting bigger, the small banks are getting fewer and the poor beleaguered middle income American is seeing his paycheck stagnant and his savings decimated, it has failed."
----Chairman Hensarling on the harmful impact of Dodd-Frank
Chairman of the House Financial Services Committee, Congressman Jeb Hensarling (R-TX), called into Kilmeade & Friends to discuss the upcoming repeal of Obamacare, the democrats efforts to undermine President Elect Trump before he takes office, the harmful impact Dodd-Frank has had on the economy and the efforts to repeal and replace it with the CHOICE-Act to help improve the financial markets and the overall U.S. economy.