Waters: S.2155 Is a Harmful Bill and House Republicans Are Determined to Make It Worse
Washington, DC, March 9, 2018
As the U.S. Senate debates S.2155, a bill that would roll back important reforms put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement:
“As I have said before, this bill repackages harmful provisions from Financial Services Committee Chairman Jeb Hensarling’s Wrong Choice Act, and removes key consumer protections put in place following the financial crisis. It takes our financial system in the wrong direction, and serves as a giveaway to banks that are already posting record profits.