Hi this is congressman Dan kilby just outside the financial services Committee room where we are considering one of the worst pieces of legislation that has come up since I've been in Congress the wrong choice eight is a bill that would repeal most all of the provisions of dodd Frank now you might remember what dodd Frank was it was the legislation that came in fact in order to deal with the kinds of Chances of the two thousand eight financial crisis and we know what happened back then millions of people lost their homes because of the predatory activities of the big banks things the gambled with your money to Make their own investments and then some people mortgages that were intended to explode and actually cause them to lose their home millions of people lost their homes and that the American people had to bail out those very banks that Cause the crisis in the first place dodd Frank was intended to put some guide post it to put some controls on those big banks so that they can put the entire economy at risk again so what if the Republicans in Congress done In donald trump their proposed elimination of all those important protection to take us back to that time when the banks could do what they want they can sell any kind of product they want even if it was a Predatory loan that can cause people again to lose everything that they save for we're not even over the first crisis we are still paying a huge price people who still don't have F The that they lost in their home and before this crisis is even older Republicans in Congress want to empower Wall Street again give more power to those big banks over working people is just Not right now what makes this even works is that not only do they restore so much more control to the big banks and financial institutions basically puts them back in the driver's seat but they Eliminate the protection under the consumer financial protection Bureau that consumer Bureau has fought for millions of Americans against big Wall Street interest and 97 percent of the complaints have been result returning tens and hundreds of millions of dollars back to American consumers this wrong choice at is bad for America bad for consumers we need to reject it and we are going to fight in this community room all day long for amendments that make this bill better now at the end of the day it's still a bad piece of legislation but what Democrats are gonna do is to try to me sure that the American people understand what the Republicans are trying to do that they're putting Wall Street first in putting main Street behind everything else this is the wrong choice for America and we are rejected