Pelosi: 'Today's Action by Financial Services Committee Brings
0 Comments | U.S. Newswire, Dec 2, 2009
To: NATIONAL EDITORS
Contact: Brendan Daly, Nadeam Elshami or Drew Hammill, 1-202- 226-7616, all of the Office of the Speaker of the House
WASHINGTON, Dec. 2 /PRNewswire-USNewswire/ — House Speaker Nancy Pelosi issued the following statement today following passage in the House Financial Services Committee of financial stability legislation that will prevent future taxpayer bailouts of large financial firms. This bill will be part of a comprehensive package of financial system reforms, the Wall Street Reform and Consumer Protection Act, that will be considered on the House floor next week.
“Today’s action by the House Financial Services Committee brings accountability to Wall Street and big banks. When coupled with strong reforms to protect consumers and Main Street that the House will vote on next week, it will end the reckless practices that resulted in the worst financial crisis since the Great Depression.
“This major step forward would not have been possible without the leadership, vision, and commitment of Chairman Barney Frank. The Chairman’s efforts to shepherd a comprehensive package of financial reforms through the Committee will ensure that Americans’ homes, pensions, college savings and financial futures are protected and the House will vote soon on this legislation
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Dec 23, 2009
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