After the repeal and replacement of Obamacare, the next big task facing Congress will be reform of the equally awful Dodd-Frank Act. House Financial Services Committee chairman Jeb Hensarling announced the vehicle for that task last year – the Financial CHOICE Act. Since it was announced, it has included repeal of the Durbin Amendment to Dodd-Frank, but there is now heavy lobbying to drop that provision. The special interests behind the lobbying are wrong. Repeal of the Durbin Amendment is vital for consumers.
