Thursday, June 8, 2017
Congressman Dan Kildee leads effort to oppose Republican Bill repealing Dodd-Frank Wall Street Reform and Consumer Protection Act.
As stated in a June 7, 2017 press release from Congressman Dan Kildee's office, on Wednesday, June 7, Kildee spoke at the House Democrats weekly press conference on Capitol Hill. Kildee is heading efforts to oppose a Republican bill repealing the Dodd Frank Wall Street Reform and Consumer Protection Act. Kildee is from Flint, MI, and is a member of the U.S. House of Representatives from Michigan's 5th district. The bill is known also as the "Wrong Choice Act." According to the press release the bill would get rid of consumer protection and Wall Street reforms that were designed to stave off another financial crisis.
According to Kildee, 'As the House considers the "Wrong Choice Act' this week, I have one question: Have Republicans forgotten just how much pain the Great Recession caused so many American families?" More than 8 million Americans lost their jobs. At least 11 million people lost their homes through foreclosure. American families lost trillions in wealth. Our nation's unemployment rate shot up to 10 percent. And now Republicans want to pass legislation to take us back to the same failed policies that led to this crisis."
Congressman Kildee made these remarks on the house floor on Wednesday, June 7.
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