FL S1778

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

Contends that the nearly 2,400-page law creates 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 over 5 years, with broader economic costs potentially reaching $1 trillion

Claims the act's extensive regulations damage American companies' international competitiveness and job creation while providing unfair advantages to Freddie Mac and Fannie Mae

Directs copies of the memorial to the President, Senate President, House Speaker, and all Florida members of Congress