Issue Position: Financial Reform
Issue Position
Issues: Finance and Banking
Issue Position: Financial Reform
Financial Reform
As a member of the Senate Banking Committee, Senator Warner is involved in efforts to reform the financial industry's regulatory framework. He believes a failure in regulation contributed to last year's economic crisis and the collapse of leading players in the financial industry. Recently, Senator Warner has focused on preventing systemic risk through the creation of an independent council that would monitor institutions before they become "too big to fail." He also has introduced bipartisan legislation that would provide a responsible, predictable exit strategy from the government's ownership role in several TARP-recipient companies, including AIG, Citigroup, and General Motors.
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