FL H1321

Urges Congress to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

Criticizes the act for creating 13 new regulatory agencies requiring 2,600 new positions while abolishing only one agency

Cites Congressional Budget Office estimate of $2.9 billion in implementation costs for companies over 5 years, with broader economic costs potentially approaching $1 trillion

Contends the act provides unfair advantages to Freddie Mac and Fannie Mae despite their substantial contributions to the 2008 financial crisis

Directs copies of the memorial be sent to the President, Senate President, House Speaker, and Florida's U.S. Congressional delegation