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Wall Street Reform And Consumer Protection

Floor Speech

Date: Dec. 10, 2009
Location: Washington, D.C.
Issues: Finance and Banking

Wall Street Reform And Consumer Protection

Mr. HEINRICH. Mr. Speaker, when I took office back in January, the economy was on the verge of collapse. We've taken some tough votes this year to promote a strong economic recovery, and we're beginning to see some signs that the economy is turning around. But to avoid this sort of economic crisis from happening again, we need to rein in the Wall Street banks that brought us to this point and begin to make Washington more responsible.

The Wall Street Reform and Consumer Protection Act will prevent risky dealings by Wall Street and begin an end to the days of taxpayer-funded bailouts. At the same time, this bill ensures that small banks and credit unions, which play a key role in their communities, are not subject to undue regulatory burdens.

We must bring an end to the era of irresponsible and recklessness on Wall Street. Our country's working families, our small businesses are playing by the rules. It's time that Wall Street must learn to do the same.

I would urge my colleagues to support this legislation.


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