In a letter to members of Congress, CFA has outlined its opposition to the Department of Interior, Environment and Related Agencies Appropriations Act of 2018 (H.R. 3354). In particular, we are opposed to Division D which includes the Financial Services and General Government appropriations bill which rolls back important consumer protections and undermines the ability of crucial agencies to fulfill their missions of protecting consumers. Division D of H.R. 3354 incorporates many provisions of H.R. 10, the Financial CHOICE Act, which CFA vigorously opposes. The CHOICE Act repeals many of the significant achievements in the Dodd-Frank Act and other critical laws designed to ensure consumers, investors, and honest market participants are appropriately protected from harm in the marketplace. This bill would put our financial marketplace in a weaker position than it was before the crisis, making American consumers more vulnerable and more at risk.
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