Market Regulation

CFA Urges House of Representatives to Vote ‘No’ on H.R. 3978, the “TRID Improvement Act”

In a letter to members of the House of Representatives, CFA is urging a ‘No’ vote on H.R. 3978, the “TRID Improvement Act.” While CFA did not take a position on this bill when it came before the House Financial Services Committee, we oppose it now that it includes the following extraneous, anti-investor bills: H.R. 3948, the “Protection of Source Code Act;” H.R. 1645, the “Fostering Innovation Act;” and H.R. 4546, the “National Securities Exchange Regulatory Parity Act.” Each of these bills would harm investors and undermine the integrity of our capital markets.

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