Washington, D.C. – U.S. Representative Mike Bost issued the following statement after the House of Representatives passed the Financial CHOICE Act:

“The Financial CHOICE Act is a jobs bill,” said Rep. Bost. “The overreach of Dodd-Frank has allowed the big banks to get bigger while small businesses have been unable to get the loans they need to succeed. The Financial CHOICE Act includes numerous strongly bipartisan provisions to eliminate unnecessary regulations in order to provide small businesses and entrepreneurs greater freedom to innovate, grow their businesses, and create jobs in our communities. The legislation also ends ‘too big to fail’ taxpayer-funded bailouts of Wall Street and imposes the toughest penalties in history for financial fraud.”