Wall Street Reform Package

Floor Speech

(Mr. WALZ asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. WALZ. Mr. Speaker, among the speakers who have just addressed this House are a high school teacher, a nurse, a social worker, a small business owner, and a criminal prosecutor. And they stood hand in hand for working families on Main Street to restore responsibility and accountability to Wall Street last week.

After years of recklessness and unchecked greed that have now cost millions their jobs, their homes, and their life savings, we finally passed long-overdue commonsense reforms. These reforms protect investors and consumers from the excesses of those who will gamble other people's hard-earned money and closed loopholes in existing laws. They bring about an end to taxpayer bailouts and a belief that a firm is too big to fail.

Financial markets work best when they are transparent, allowing investors to make smart decisions and our capital system to flourish; but they also require cops on the beat to protect consumers from fraud and abuse. The Wall Street reform package we passed strengthens our markets and our economies, giving people confidence again to invest in America and our growth towards prosperity.

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