February 15, 2011

CARSON COMMITTEE STATEMENT ON WALL STREET REFORM

WASHINGTON, D.C. - Congressman André Carson made the following statement in the House Committee on Financial Services today where the implications of the Dodd-Frank Wall Street Reform and Consumer Protection Act were discussed.

"I welcome the opportunity to review Dodd-Frank to ensure the bill accomplishes what we intended it to do when it was written in this committee last year. However, I am deeply opposed to defunding the bill because our friends on the other side were opposed last year, and continue to be opposed. The bottom line is that no legislation is perfect and the opposition has a right to propose changes. Banks and financial institutions have brought reform upon themselves. It was through their carelessness and disregard for the rights of citizens that our economy nearly collapsed and spurred action by Congress in the first place."

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