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A Comparison of Two Financial Regulatory Reform Approaches

In June 2017, the House passed H.R. 10, the Financial CHOICE Act. The CHOICE Act is a comprehensive financial regulatory reform bill that would replace large parts of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act. The cornerstone of the CHOICE Act is a regulatory off-ramp, a provision that provides regulatory relief to all banks that choose to maintain a higher equity–capital ratio than currently required.
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