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CHOICE 2.0 and New Presidential Memoranda
19 May 2017
View Client Update
On Thursday, May 4, 2017, the House Financial Services Committee passed the Financial CHOICE Act of 2017, H.R. 10, by a strict party-line vote.
The bill, which has been referred to as “CHOICE 2.0,” because it is a revised version of legislation that was considered in the House in the previous congressional session, would repeal, modify and substantively revise many provisions of the Dodd-Frank Act.
On April 21, 2017, President Trump issued Presidential Memoranda regarding other aspects of the Dodd-Frank Act—specifically, the Orderly Liquidation Authority and the functioning of the Financial Stability Oversight Council.
This Client Update discusses these developments.
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