Press Release
McHenry Votes to Undo CFPB Arbitration Rule
Washington,
July 25, 2017
Chief Deputy Whip Patrick McHenry (NC-10) released the following statement on the passage of H.J. Res. 111, providing for Congressional disapproval of the CFPB's rule relating to "Arbitration Agreements":
“Today, for the fifteenth time this year, the House has used the Congressional Review Act to undo misguided, eleventh-hour rulemaking by Obama-era bureaucrats. This time it was the Constitutionally suspect CFPB’s anti-arbitration rule, a deeply flawed regulation that is little more than a handout to trial lawyers and special interests. By undoing this rule, the House has acted to actually advance the CFPB’s stated goal: protecting American consumers.” |