[Congressional Record Volume 156, Number 108 (Wednesday, July 21, 2010)]
[House]
[Page H5823]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           WALL STREET REFORM

  (Ms. KILROY asked and was given permission to address the House for 1 
minute.)
  Ms. KILROY. Mr. Speaker, today our President signs the Frank-Dodd 
Act, the Wall Street reform bill. I was very proud to be able to serve 
on the Financial Services Committee and conference to help craft a bill 
and to stand with the people of Main Street, to stand with the regular 
people of our community against the special interests that have had too 
much power in Washington. We were able to put in place a bill that has 
a real watchdog with teeth, to protect our consumers and our country, 
to protect American savings and pensions and investments, and be on the 
lookout for those unscrupulous financial practices that can hurt our 
economy. It has a consumer protection bureau. It has an early warning 
system and a plan so that any future failing institution will not be 
bailed out at taxpayer expense. Taxpayers will no longer be on the hook 
or be forced to deal with something that's called too big to fail. It 
puts an end to TARP. It brings transparency to the market, and because 
of this bill Wall Street will no longer be able to act like a casino 
that will do such damage to our economy again.

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