H.R. 5983: Financial CHOICE Act of 2016

Shortly after the Great Recession of 2008, the worst economic hit since the Great Depression, a newly-elected President Obama worked with a Democratic-controlled Congress to craft and pass a financial services reform bill: the Dodd-Frank Wall Street Reform and Protection Act. Dodd-Frank aimed to “reign in” the behavior of the big banks that Democrats believed caused the financial crisis. It ...

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Sep 9, 2016


Reported by Committee on Sep 13, 2016

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on September 13, 2016.


Jeb Hensarling

Representative for Texas's 5th congressional district



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Last Updated: Sep 9, 2016
Length: 513 pages


21% chance of being enacted according to PredictGov (details)


Sep 9, 2016

This is the first step in the legislative process.

Sep 13, 2016
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Passed House

Passed Senate

Signed by the President

H.R. 5983 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

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“H.R. 5983 — 114th Congress: Financial CHOICE Act of 2016.” www.GovTrack.us. 2016. December 4, 2016 <https://www.govtrack.us/congress/bills/114/hr5983>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.