On the recordJune 8, 2017
Mr. Chairman, I yield 1 minute to the gentleman from California (Mr. McCarthy), a gentleman on leave from the Financial Services Committee and one we proudly call our own. Mr. McCARTHY. I thank the gentleman for yielding. Mr. Chair, I first want to thank Chairman Hensarling and the entire Financial Services Committee for the work they have done on this bill. They have listened to Members and they have listened to constituents throughout this country. They studied the issue and they found the very best policy. We all know we need economic growth, but we also know that growth means little if wages will not rise, if jobs do not return, and if more businesses close than open. If a rising tide lifts all boats, we need to make sure every American is in the boat. Repealing Dodd-Frank with the Financial CHOICE Act lifts people back in so they can participate in America's economy. It will reestablish the severed ties that link communities to the money they need to start businesses and hire employees. Bringing back the community banks that Dodd-Frank destroyed means that more people, not just the wealthy, will have access to credit. But if we want everyone to be part of the American economy, we don't want people to face the same risks they did before. We want people to be treated fairly. In 2008, people lost everything. Aided by misguided Washington policies, some played fast and loose and put almost everyone else at risk.…





