What is the Financial Choice Act?

Even if you're not an avid and always up-to-date political buff, chances are, you've probably heard of the Financial Choice Act of 2017, and the controversy that is currently surrounding it.

Supporters like Paul Ryan vigorously support the act, claiming that it will reverse the negative effects caused by the Dodd-Frank regulations. Supporters are operating from the theory that rolling back certain requirements imposed by the Dodd-Frank regulations will provide a much-needed boost for small-town banks, which have long been the lifeblood of small-town American communities.

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