Chris believes that a healthy financial system is integral to a functioning economy, but the dysfunctional system of the past few years has harmed both the industry and the economy at large. Through a mix of flawed incentives and lax regulation, the financial industry was allowed, and at times encouraged, to take unnecessary risks that have led to economic chaos.
Financial regulatory reform is essential to restore balance to how this country regulates its financial system. Government needs to provide healthy incentives to the financial industry so that it is encouraged to help businesses expand and the economy to grow.
Chris will work hard once in the Senate to make sure that financial reform is done in a sensible way that increases oversight and encourages responsibility while still preserving the ingenuity and flexibility of the American financial system.