House Republicans will “soon put forth” the Financial Choice Act, legislation designed to repeal and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, said Wednesday.

Speaking at the U.S. Hispanic Chamber of Commerce’s legislative summit, Hensarling said that the Choice Act will achieve the goal of taking “Dodd-Frank and throw[ing] it on the ash heap of history.”

Hensarling told reporters that reintroduction of his Choice Act would come within weeks.

Release of a Feb. 6 memo that detailed “changes to be made to the introduced version of the Financial Choice Act in the 115^th Congress” got the rumor mill churning that reintroduction of the bill to derail the Dodd-Frank Act was imminent, but reintroduction kept getting pushed back.

 

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