After months of discussion on his initial “Choice Act” (see Client Report REFORM119) and a new discussion draft of what has become known as Choice 2.0, Chairman Hensarling (R-TX) today convened the Financial Services Committee for a marathon session. Witnesses were almost uniformly supportive of the chairman’s bill, leading Ranking Member Waters (D-CA) to announce that Democrats will convene their own hearing on the measure. This is unlikely to sway GOP views or deter Rep. Hensarling from pursuing rapid floor action after the mark-up now set for May 2.
The full report is available to retainer clients. To find out how you can sign up for the service, click here.