WI Working Families: Statement on Paul Ryan’s support of the Financial CHOICE Act

CONTACT: Marina Dimitrijevic, [email protected]

Marina Dimitrijevic, executive director of Wisconsin Working Families, made the following statement in response to Paul Ryan’s support for the Financial CHOICE Act, which will be voted on in the House next week.

“Ryan’s support of the Financial CHOICE Act is another example of Wall Street Paul sticking it to working families. Describing the Financial CHOICE Act as a benefit to Main Street is like describing the American Health Care Act as a universal health care bill. This bill is exactly the opposite of what Paul Ryan says it is — it’s a gigantic wish list for Wall Street banks and billionaires.

The Financial CHOICE Act will gut the Dodd-Frank Wall Street Reform Act, passed after America’s financial meltdown and ensuring recession caused by Wall Street greed and inadequate government oversight.

The bill would also neuter the Consumer Financial Protection Bureau, eliminating this important watchdog agency’s ability to protect us from the insatiably greedy banking industry.

I don’t know what Main Street Paul Ryan is visiting; his support for this measure is completely out of step with the needs of working families. The Financial CHOICE Act is another Ryan-backed giveaway to the wealthiest Americans and another blow to fairness and equality for the rest of us.”