Van Hollen Statement on One-Year Anniversary of Dodd-Frank Wall Street Reform and Consumer Protection Act

Statement

Today, Maryland Congressman Chris Van Hollen, Ranking Member on the House Budget Committee, issued the following statement on the one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

"I was proud to join my colleagues in support of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and I support the comprehensive approach it takes to reining in systemic risk, curbing excessive speculation, and restoring transparency, accountability, and oversight to our financial system. It's common sense reform that stood up to special interests, strengthened consumer protections and ended taxpayer-funded Wall Street bailouts. The American taxpayer will never again be asked to foot the bill for bad bets made on Wall Street, and our economy will never be held hostage to poor decisions made in the financial sector.

"A key element of this reform package is the Consumer Financial Protection Bureau, which is necessary to police our markets for abusive financial products and services. The House and Senate Republicans who are trying to block its implementation are siding with Wall Street over Main Street, and they're putting consumers back in danger."

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