The House Financial Services Committee announced that it will hold a hearing on April 26, 2017 to discuss the Financial CHOICE Act. It also released a discussion draft of a revised version of the bill.
In February, Rep. Hensarling, who chairs the Committee, circulated a memorandum to the Committee’s Leadership Team describing key revisions to the bill introduced last year. Last week, he issued an outline of changes to the bill in which he identified more revisions, including revisions that would further reduce the CFPB’s powers. Presumably, these revisions are reflected in the discussion draft.