[Congressional Record Volume 156, Number 99 (Tuesday, June 29, 2010)]
[Extensions of Remarks]
[Pages E1230-E1231]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    CONGRESSIONAL BLACK CAUCUS HOUR

                                 ______
                                 

                               speech of

                       HON. EDDIE BERNICE JOHNSON

                                of texas

                    in the house of representatives

                         Monday, June 28, 2010

  Ms. EDDIE BERNICE JOHNSON of Texas. Mr. Speaker, let me begin my 
thanking my friend and colleague, the gentlewoman from Ohio, 
Congresswoman Fudge, for anchoring once again tonight's Congressional 
Black Caucus' special hour.
  This Congress and President Obama have made tough choices and taken 
effective steps to bring our economy back from the brink of disaster. 
The Recovery Act has already saved or created up to 2.8 million jobs 
and much of the TARP funding repaid. Now we are taking another key step 
forward with a final agreement on the Dodd-Frank Wall Street Reform and 
Consumer Protection Act.
  For many months now, members of the Congressional Black Caucus 
continue to be laser focused on financial reform. We have sought to 
engage the Obama administration, House and Senate leadership, committee 
chairs, and our coalition partners to develop a legislative strategy 
aimed at addressing the needs of millions of Americans who are 
struggling in this tough, economic environment.
  Mr. Speaker, we must reform Wall Street to end risky practices that 
have caused millions of Americans to lose their jobs, their homes, and 
life savings. The House passed a financial reform bill that will 
protect consumers and prevent the irresponsible behavior that caused 
the financial melt down.
  I was proud to join a majority of my colleagues in this body in 
supporting passage of Wall Street. We are committed to protect American 
families and their savings.
  We ended the practice of ``too big to fail.'' We established 
safeguards to ensure that the abuses of the past are never again 
repeated. Mr. Speaker, the House made Wall Street reform a priority.
  Every day of delay is one more opportunity for a recurrence of 
economic uncertainty and even collapse. Last Thursday's roller coaster 
on the stock market was a clear reminder that we cannot allow a willful 
lack of responsible oversight to expose American families, American 
business, and our whole economy to such potential risk.

[[Page E1231]]

  Mr. Speaker, Members of Congressional Black Caucus continue to 
support the efforts to reform Wall Street.

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