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Comments on Financial CHOICE Act of 2016

On July 15, 2016, OCC submitted a comment letter to the Chairman of the House Financial Services Committee (Committee) on the Discussion Draft of the Financial CHOICE Act of 2016 (Draft). The letter recommends that the Committee clarify that the provisions of Title VI of the Draft that refer to "regulations" and "rules" are not intended to apply to rules of self-regulatory organizations. In addition, the letter provides a brief overview of the potential unintended consequences of repealing Title VIII of the Dodd-Frank Act given the rules, regulations and market evolution currently in place based on provisions in that legislation.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).