Fw: Lincoln Hails Senate Passage of Tough Wall Street Reforms

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From: "Friedlander, Liz (Agriculture)" <Liz_Friedlander@agriculture.senate.gov>

Date: Thu, 20 May 2010 20:56:32 -0500

Subject: Lincoln Hails Senate Passage of Tough Wall Street Reforms

 

FOR IMMEDIATE RELEASE

May 20, 2010

Contact: Courtney Rowe or Liz Friedlander, 202-224-2035

 

Lincoln Hails Senate Passage of Tough Wall Street Reforms

 

Washington – U.S. Senator Blanche Lincoln, D-Ark., Chairman of the U.S. Senate Agriculture, Nutrition and Forestry Committee today made the following statement after the U.S. Senate, on a bipartisan 59-39 vote, passed The Restoring American Financial Stability Act of 2010. The legislation includes the strong reforms authored by Lincoln.

 

"This historic legislation is about more than just changing the way Wall Street does business. It's about helping families save for college, protecting retirees, ensuring small businesses can get loans and creating new jobs on Main Street.

 

"As Chairman of the Senate Agriculture Committee, I was proud to craft the bill's strong derivatives title. My legislation brings a $600 trillion market into the light of day and ends the days of Wall Street's backroom deals. These strong reforms will rein in the greedy behavior that nearly destroyed our economy, hurting Arkansas small businesses and costing millions of Americans their jobs.

 

"I will continue to stand up to Wall Street lobbyists and special interest groups to advocate for these reforms as we work to get this bill signed into law."

 

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