When your family is counting on something -- a home, job, or retirement plan--we should not let big government get in your way, but neither should we let other powerful forces interfere -- like Wall Street banks, or insurance monopolies. I have heard from many Central Texas families about the sudden increases in their credit card interest rates, immediate drops in their credit limits, impossible-to-understand contract terms, and high and hidden fees. The Wall Street Reform and Consumer Protection Act offers consumer protections that families need. Whether it's saving for home investment or a retirement nest egg, this law will provide some security and peace of mind.
And my longstanding efforts to remove Social Security numbers from Medicare cards were finally successful. The "Medicare Identity Theft Prevention" Act will ensure more seniors are protected from identity theft.