WASHINGTON, June 8, 2017 – Chip Rogers, the president and CEO of the Asian American Hotel Owners Association, released the following statement on the House passage of the Financial CHOICE Act, which significantly scales back the Dodd-Frank financial regulations:
“We applaud and thank the House—including Speaker Ryan and Chairman Hensarling—for taking on the monumental challenge of overhauling burdensome financial regulations. Access to capital is one of a hotel owner’s chief challenges to expanding their business and creating jobs. The Financial CHOICE Act will go a long way in making that easier for businesses of all sizes. So many of AAHOA’s members have spoken to me and their lawmakers in Washington about how they lost access to their community banker—an individual who lives, works and makes decisions with the community’s interests in mind—after the implementation of Dodd-Frank. With the CHOICE Act, Main Street is on equal footing with Wall Street. We urge the Senate to take up this bill as soon as possible.”
AAHOA is the largest hotel owners association in the world. The more than 16,000 AAHOA members own almost one in every two hotels in the United States. With billions of dollars in property assets and hundreds of thousands of employees, AAHOA members are core economic contributors in virtually every community in the United States. As an association, AAHOA is a proud defender of free enterprise and the foremost current-day example of realizing the American Dream.