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FreedomWorks: House Must Repeal the Durbin Amendment in Financial CHOICE Act

| FreedomWorks

There has been much debate over the past week about the Financial CHOICE Act introduced by Chairman Jeb Hensarling (R-Texas). The bill, which FreedomWorks supports, would significantly reform the Dodd-Frank Wall Street Reform and Consumer Protection Act that was passed in 2010 to purportedly address the causes of the 2007-2008 recession.

One of the more important pieces of the CHOICE Act is its repeal of the Durbin amendment. The amendment has become a costly part of the legislation that is causing a drag on the financial sector of the economy, and it needs to be repealed.

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