The House of Representatives passed the Financial Choice Act and repealed several measures enacted by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. In passing the Financial Choice Act, the House rolled back requirements for oil, gas and mining companies to disclose information on payments they make to government where they operate.
Eric LeCompte, Executive Director of the religious development group Jubilee USA, releases the following statement:
“This legislation attacks protections for poor people around the world and consumers in the United States.
"I'm concerned about the rollback of transparency measures in the Financial Choice Act. This legislation weakens protections for those who take out pay day loans. This legislation prevents people in the developing world from knowing if someone is bribing their government."
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