The House Financial Services Committee's plan to overhaul the Dodd-Frank Act could result in increased fees to financial institutions, including credit unions, the Congressional Budget Act said in a newly released report.
The CBO reported that the House Financial CHOICE Act, H.R. 10, would decrease the federal deficit by $24.1 billion between 2017 and 2027. Republican supporters of the bill have been touting the savings in recent days.
The CBO is the officials scorekeeper for the cost of legislation.
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