Congressman Evans Statement on H.R. 10, the Choice Act
Today, I voted NO on H.R. 10, the Choice Act, legislation that would dramatically weaken and even repeal many key provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. I want to share with you why after careful consideration I came to this decision.
As you know, in 2010 Congress came together to enact Dodd-Frank in order to address the root causes behind the Great Recession of 2008, the worst global financial crisis our nation has experienced in the last 80 years. We have seen firsthand how, thanks to the provisions set forward in Dodd-Frank, we have greatly improved the safety and soundness of our banks, both small and large. We have also seen how Dodd-Frank has increased transparency and created a greater openness in our financial markets so that investors, from Americans saving for retirement to families saving to pay for their children to go to college and all those in between, have the footing to hold our financial institutions accountable for their actions.
I look forward to working with my colleagues to craft responsible legislation that is narrowly-tailored to address any shortcomings in Dodd-Frank, but this must be done in a bi-partisan manner.
As your Representative in Congress I will continue to do all I can to make sure we keep the crucial provisions in place that help keep our nation on the right path in order to overt another crippling financial collapse.