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July 23, 2015

Better Markets Statement on Senate Appropriations Committee Including Wall Street Deregulation Provisions in Spending Bill

FOR IMMEDIATE RELEASE 
Thursday, July 23, 2015
Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com

Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following the Senate Appropriations Committee’s inclusion of deregulation provisions, including Senate Banking Committee Chairman Richard Shelby’s Wall Street deregulation bill, as part of the FY 2016 Financial Services and General Government Appropriations bill:

“Today’s actions by the Republicans on the Senate Appropriations Committee to de-regulate Wall Street while under-funding the Wall Street cops at the CFTC and SEC are an insult to the American people who are still suffering from the last crash. This Wall Street wish list of irresponsible provisions is going to make another financial crash and economic calamity more likely. With the nationwide wreckage from the last crash costing American families more than $20 trillion in lost jobs, homes, savings, retirements, and so much more, unleashing Wall Street to do that again is indefensible.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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