Greenspan: End Dodd-Frank, watch economy grow
FOR IMMEDIATE RELEASE
ALAN GREENSPAN: “IF YOU GET RID OF DODD-FRANK, IT’S GOING TO HAVE A VERY SIGNIFICANT POSITIVE IMPACT”
WASHINGTON – On Thursday, former Federal Reserve Chairman Alan Greenspan told CNBC, “If you get rid of Dodd-Frank, it’s going to have a very significant positive impact on the economy.”
Click here for video of Mr. Greenspan’s comments to CNBC on Dodd-Frank reform.
As a Member of the House Financial Services Committee, Congressman Robert Pittenger (NC-09) is working to pass the Financial CHOICE Act, which would eliminate taxpayer bailouts of financial firms, increase penalties for Wall Street fraud, and repeal unnecessary regulations which currently make it difficult for small businesses and community banks to grow the economy and create jobs.
“Dodd-Frank has been Obamacare for the financial system, with the same regulatory burdens and disastrous results. The Financial CHOICE Act will repeal and replace Dodd-Frank, and along with President Trump’s administrative reforms, we’ll be able to hold Wall Street more accountable, end taxpayer bailouts, and, as Mr. Greenspan explains, help the economy grow,” said Congressman Pittenger.