On June 8, Congressman Alex X. Mooney (WV-02) voted in favor of H.R. 10, the Financial CHOICE Act.

This bill repeals many onerous Obama-era regulations that harm job creators and businesses, a press release from his office said. These regulations were originally enacted as part of the Dodd-Frank Act. The Financial CHOICE Act passed the House by a vote of 233 to 186.

“As I held roundtables across West Virginia, I heard from small business owners and job creators that Obama-era regulations make it harder for community banks to make loans to small businesses. Also, these Obama-era regulations make it more difficult for West Virginia families to obtain a home mortgage.

“The Financial CHOICE Act will remove power from out-of-touch Washington bureaucrats and return financial decision making to individual consumers and small community banks. I look forward to continuing to work with President Donald Trump to get our economy moving,” said Mooney.

Mooney represents West Virginia’s Second Congressional District in the U.S. House of Representatives. Mooney serves on the House Financial Services Committee.