Norcross on Wrong CHOICE Act Vote
WASHINGTON, DC – Today, U.S. Congressman Donald Norcross, voted NO on the Financial CHOICE Act that would dismantle the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank is a pro-growth, pro-market oriented policy that has improved accountability in the financial system and protected consumers, investors and the economy from abusive practices. The CHOICE Act passed the House of Representatives today and, if it becomes law, financial institutions will once again be able to undertake risky practices and could trigger another financial crisis.
“When it’s the wrong choice for working families, it’s the wrong choice for me – and this partisan bill is certainly the wrong choice for families in South Jersey,” said Congressman Norcross. “This guts consumer protections for seniors, service members and families, and it opens the door for more big bailouts. It’s as if Republicans have collective amnesia about the financial crisis of 2008.”
He added: “We need an appropriately-regulated financial system to ensure economic stability, so let’s start looking for bipartisan solutions to support job growth in Congress, instead of offering partisan attacks on key consumer protections.”
Contact: Ally Kehoe, Communications Director