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H.R. 10: Financial CHOICE Act of 2017

About the bill

This bill would make sweeping changes to the financial regulatory system by revising the changes that were put in place after the 2008-2009 economic crash. The bill would weaken the Consumer Financial Protection Bureau, the Financial Stability Oversight Council, and regulations that prevent commercial banks from trading for their own gain, among other changes. See this New York Times summary for more details.

Sponsor and status

Jeb Hensarling

Sponsor. Representative for Texas's 5th congressional district. Republican.

Read Text »
Last Updated: Jun 13, 2017
Length: 600 pages
Introduced:

Apr 26, 2017

Status:

Parts Incorporated Into Other Measures

This bill passed in the House on June 8, 2017 and goes to the Senate next for consideration. Provisions of this bill were incorporated into other bills.

Provisions of this bill also appear in:

S. 327: Fair Access to Investment Research Act of 2017
Enacted — Signed by the President on Oct 6, 2017. (compare text)
Prognosis:

45% chance of being enacted according to Skopos Labs (details)

History

Apr 26, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 2, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

May 4, 2017
 
Ordered Reported

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

Jun 6, 2017
 
Considered by House Committee on Rules

A committee held a hearing or business meeting about the bill.

Jun 8, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 10 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.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 10 — 115th Congress: Financial CHOICE Act of 2017.” www.GovTrack.us. 2017. November 18, 2017 <https://www.govtrack.us/congress/bills/115/hr10>

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.