Waters Statement on Senate Passage of Harmful Dodd-Frank Rollback Bill
Washington, DC, March 14, 2018
Today, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, issued the following statement in response to the passage of S. 2155, a harmful bank deregulation bill that would roll back important reforms put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act:
“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.