Budget Reconciliation: A Viable Path for CHOICE Act Reforms
By Norbert Michel, Director, Center for Data Analysis at The Heritage Foundation.
One of the big unfinished items on this year’s Congressional agenda is financial regulatory reform.
The House passed the Financial CHOICE Act, a major financial reform bill in June. But the Senate has yet to offer a companion bill, and it is pretty much gospel that Democrats won’t support anything that undoes Dodd-Frank.
The reform effort is not dead, however, because Senate Republicans can still pass key policies in the CHOICE Act, with only the 52-seat majority they currently hold, through the budget reconciliation process.
*Originally appeared in Forbes opinion, to read full article click here.