Sean Duffy: “This debate oftentimes can become confusing because banking law is confusing. We hear both sides take different…”

“This debate oftentimes can become confusing because banking law is confusing. We hear both sides take different positions on the Financial CHOICE Act and on Dodd-Frank, but I think the way you cut to the fat about whether Dodd-Frank was great law and does the Financial CHOICE Act actually make this law way better, I think we have to look at a couple simple factors. Big banks brought us to the crisis in 2008. The question for my friends across the aisle and people watching this debate is: Because of Dodd-Frank, have big banks gotten smaller or have big banks gotten bigger? The answer is: Big banks have gotten bigger. If you go to rural Wisconsin, small community banks and credit unions that help grow businesses and help provide to capital to our families are going out of business. Big Wall Street banks don't set up shop in rural Wisconsin. So the little guy is getting hurt and the big guys are doing really well. You have got to ask yourself: Who supports the Financial CHOICE Act? You have the NFIB protecting small businesses, the Independent Community Bankers of America, the National Association of Federally- Insured Credit Unions, and the Credit Union National Association. Credit unions and small banks support this bill. Who doesn't support this bill? Well, if you look to The Washington Post: Hensarling, our chairman, faces opposition from big-bank CEOs that like Dodd-Frank. They hate the Financial CHOICE Act.…”