More on Consumer Protection
By Representative Suzanne Bonamici
Financial CHOICE Act Severely Limits Consumer Financial Protection Bureau
WASHINGTON, DC [06/08/17] – Today Congresswoman Suzanne Bonamici (D-OR) voted against legislation that guts the Consumer Financial Protection Bureau (CFPB) and rolls back protections of 2010’s Dodd-Frank financial reform law. The bill would limit the ability of financial regulators, including the Securities and Exchange Commission and the Federal Stability Oversight Council, to prohibit the risky financial practices that led to the Great Recession.
M. Speaker, I rise today in support of the Senate amendment to H.R. 244, the FY2017 omnibus spending bill. This is not a perfect bill, but many priorities that are important to my constituents in Oregon and people around the country are funded and protected, and it prevents a government shutdown.
Unfortunately, too many workers in Oregon and across the country are still facing a great deal of economic anxiety. They worry about rent payments, increasing health care costs, saving for retirement, balancing family responsibilities and work, and making ends meet.