Mr. Chair, I thank Chairman Hensarling for this important bill. I rise today in support of H.R. 10, the Financial CHOICE Act. As a single parent and small-business owner, I know from my own experience that the only way for hardworking Americans to achieve financial independence is by building an economy from Main Street up, not Wall Street down. The CHOICE Act not only imposes the toughest penalties in history for financial fraud on Wall Street, it saves taxpayers $30 billion. The CHOICE Act also eliminates taxpayer-funded bailouts while providing choices for consumers and a real opportunity for economic growth. As an upstate New Yorker, our region suffers from economic challenges caused by excessive regulations, such as the Dodd-Frank Act, that have crushed small businesses. Yet small businesses create nearly 70 percent of the new jobs. This bill will increase access to capital for small businesses and startups--our job creators. It will increase job opportunities and positively benefit New York's 22nd District. Mr. Chair, I urge all of my colleagues to vote to support our job creators and to vote for the Financial CHOICE Act.
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