U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement on the fifth anniversary of the enactment of Dodd-Frank:

“Today marks the five-year anniversary of Dodd-Frank being signed into law. Throughout the past five years, the economy has been stagnant, not lifted; community banks have been stifled with regulations; and unelected bureaucracies such as the Consumer Financial Protection Bureau and the Financial Stability Oversight Council have, despite their mission statements, raised serious doubt that any meaningful steps have been taken to protect taxpayers and consumers. Overall, Dodd-Frank has left Americans with fewer choices and higher costs. The House Financial Services Committee will continue to offer solutions to Dodd-Frank so American consumers can have restored faith in their financial system and businesses can focus on fueling our economic revival.”