Huizenga: The Senate Financial Reform Legislation Should Be The Floor, Not The Ceiling
Today, Capital Markets, Securities, and Investment Subcommittee Chairman Bill Huizenga (MI-02) released the following statement after the Senate passed bipartisan legislation to reform Dodd-Frank and provide much needed relief to community and regional financial institutions.
“For years we have seen the one-size fits all regulatory structure of Dodd-Frank slow economic growth and reduce the ability of community financial institutions to lend to hardworking families and small business job creators across the nation. The bipartisan Senate legislation to reform Dodd-Frank is a good start; however it should be viewed as the floor, not the ceiling. Currently, there are dozens of noncontroversial, bipartisan bills that have passed the House dealing with additional issues that negatively impact consumers. I look forward to taking this opportunity to work with my colleagues to strengthen the Senate reform package and include some of the bipartisan measures passed by the House to make the final legislation even more effective.”
S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, passed the Senate this evening by a vote of 67 to 31 with Senators Stabenow and Peters both supporting the measure.