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house Bill H.R. 4566

Should Mutual Funds & Other Investment Firms be Exempt From Dodd-Frank’s Stress Tests?

Argument in favor

This bipartisan bill takes a common sense step to ensure Dodd-Frank Act stress tests aren’t inappropriately applied to non-bank financial institutions, like mutual funds, which increase costs that are passed on to consumers.

Peter's Opinion
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03/19/2018
Investing money in the market comes with inherent risks that investors know will/can affect their investment. Mutual funds are not commercial banks, people invest in mutual funds they don’t deposit money. Trying to regulate prudence or investment decisions in a free market isn’t going to make the market safer. Plus if people put their money in an unstable or poorly run fund it’s their problem not the government’s problem.
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J's Opinion
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03/20/2018
Jackie Spear - sadly you are my rep and one of the crazy Californians trying to ruin our country. Get your head out of your behind and vote to help make America Great! You are only one of 19 cry babies that did not vote for this. Wake up to what the people want... or retire!
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BradSmith's Opinion
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03/19/2018
Dodd-Frank unconstitutionally increases the cost of these institutions and those costs are passed along to consumers.
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Argument opposed

This bill unwisely takes away the ability of the Federal Reserve to stress test non-bank financial institutions that may be designated as systemically important, potentially making it more likely that another financial crisis occurs.

OlderNWiser's Opinion
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03/19/2018
Every time the financial industry gets free rein, we get a Depression. No, no one should ever ever be free of Dodd-Frank in any way. We need every protection available especially in these days of ruthless pursuit of profits. Please do everything in your power to protect us.
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Laura's Opinion
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03/19/2018
Absolutely no! Stop the elimination of the Dodd-Frank law. There’s a reason it was created, do you not remember the fact that we had to bail out the banking systems?
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James's Opinion
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03/19/2018
Absolutely not. We need more regulations or these greedy pricks will take down the economy again.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed March 20th, 2018
    Roll Call Vote 395 Yea / 19 Nay
      house Committees
      Committee on Financial Services
    IntroducedDecember 6th, 2017

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    Investing money in the market comes with inherent risks that investors know will/can affect their investment. Mutual funds are not commercial banks, people invest in mutual funds they don’t deposit money. Trying to regulate prudence or investment decisions in a free market isn’t going to make the market safer. Plus if people put their money in an unstable or poorly run fund it’s their problem not the government’s problem.
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    Every time the financial industry gets free rein, we get a Depression. No, no one should ever ever be free of Dodd-Frank in any way. We need every protection available especially in these days of ruthless pursuit of profits. Please do everything in your power to protect us.
    Like (191)
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    Absolutely no! Stop the elimination of the Dodd-Frank law. There’s a reason it was created, do you not remember the fact that we had to bail out the banking systems?
    Like (120)
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    Absolutely not. We need more regulations or these greedy pricks will take down the economy again.
    Like (63)
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    NO WAY IN HELL. SORRY, BUT HOW STUPID ARE THE REPUBLICANS THAT THEY DON’T REMEMBER THE W BUSH RELAXATION OF THE RULES THAT LEAD TO THE RECESSION OF 2008??????? GOOD GRIEF!!!
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    Regulations are for a reason. Protection of customers, investors, etc. Mutual funds need regulations and must measure up to stress tests. Who proposed that they should be exempt? Follow the money!
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    The whole financial world were responsible for the 2008 Financial crisis. FANNIE MAE, FREDDIE MAC, and the too big to fail big bad Wall Street banks, all exacerbated the financial crisis of 2008. None should be exempt!
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    Even after all the problems Americans have had to deal with from immigration, to health care, and now mass shootings, Congress decides it is far more important to deregulate the financial industry and help out bankers than deal with our recent tragedies. Money-in-politics is costing our very lives.
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    When will it stop being acceptable to risk money that is literally everything people have for the sake of profit?
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    My God how much money do investment companies want to make. IRA’s are already a rip off to the common man. You take all the risks of investing, investment companies charge fees whether you make or lose money then Uncle Sam takes his 20% and does nothing to help you. Vote No!
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    This is ridiculous! Since when were mutual funds and investment companies unduly burdened by Dodd-Frank’s stress tests? They weren’t. This is just more of the same that we’ve seen from Congress. They just give all these goodies to Wall Street and act so surprised when the financial system implodes because of all the reckless gambling by these deregulated financial institutions.
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    Again, not no but hell no. I remember when mutual funds, with rare exceptions, were shady con games. We don’t need to have the republicans give their scamster friends more opportunities to run pyramid con games on the unsuspecting public. Dodd-Frank exists for a very good reason.
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    This group within the financial sector is the most corrupt and needs the most regulation, not the least. The managers of these funds were handed a huge Christmas present by Congress last year in the form of the tax cuts. I think you have done enough to promote these corrupt individuals at the expense of working people just trying to save for retirement. LEAVE THE TESTS ALONE!!!!!
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    No financial institution should ever be exempt from the Dodd-Frank Bill. If anything, the bill should be strengthened!!! Stop this political BS and for once in our lifetime support a bill that protects citizens from the Financial Predators!! THERE IS A REASON DODD-FRANK WAS PASSED. DO YOU HAVE AMNESIA???
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    We should not be easing up on Dodd-Frank protections in any way.
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    Regulations are needed to protect consumers from big bank greed.
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    EVERY REPUBLICAN PRESIDENT IN MY LIFETIME HAS DRIVEN US TO A RECESSION!!!!!! That goes back to Reagan. Giving financial institutions free reign is one reason why we get a recession. SO NO! NO! AND HELL NO!!
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    NO, NO, NO! Do you actually want to intentionally create another Great Depression? These safeguards were put in place AFTER seeing the horror of letting the immoral and cruel crimes of financial institutions go unrestricted. Dodd-Frank is the vaccination against the greed and corruption of those immensely wealthy people and institutions who have become so out of touch with reality that they confuse wealth with greatness. They are soulless, corrupt money stealing machines and you want to give them the keys to the safe deposit box.
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    We do not want another recession. Financial groups need to be monitored.
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    That is my retirement and I want to know it has the security and reliability it claims to be as an investment,
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