Tag: bureaucracy

Big Things Happening in Washington D.C.

Last week was a busy week in Washington, D.C. While the daily news may lead you to believe otherwise, there was certainly more going on in our nation’s capital than the testimony of former FBI Director James Comey. In fact, there were big things happening.

On Thursday, the U.S. House of Representatives passed a major financial reform package called the Financial CHOICE Act. This legislation aims to overhaul Dodd-Frank, which was enacted seven years ago. While we can all agree something needed to be done after the financial crash in 2008, what we got was a one-size-fits-all, top-down regulatory regime stifling community banks and credit unions, hurting consumers, and damaging Main Street America. In total, Dodd-Frank handed down nearly 30,000 new regulations that account for almost $40 billion in compliance costs for our financial services industry – costs that have been handed down to you and me. Dodd-Frank wasn’t fixing things; instead, it was making them worse.

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Boxing Out the Bureaucrats

Over the past eight years, Americans have been forced to stand by and watch as Washington bureaucrats have garnered more and more power with almost no oversight or repercussions.

When our Founding Fathers wrote the Constitution, they were very clear in how power should be divided – and nowhere did it say that unelected men and women should be enacting policy reform and instituting laws on the states or people throughout this country.

From imposing expensive regulatory burdens on our nation’s job creators to enacting policy changes to take decision-making power away from the states, these unelected bureaucrats have gotten out of control. Thankfully, with President Trump and Republican majorities in Congress, we are already on the path to changing that.
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