[Congressional Record Volume 159, Number 85 (Friday, June 14, 2013)]
[Extensions of Remarks]
[Pages E855-E856]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    SWAP JURISDICTION CERTAINTY ACT

                                 ______
                                 

                               speech of

                        HON. ELIJAH E. CUMMINGS

                              of maryland

                    in the house of representatives

                        Wednesday, June 12, 2013

  Mr. CUMMINGS. Mr. Speaker, yesterday I voted ``yes'' in error for the 
Swap Jurisdiction Certainty Act. As I stated in a dear colleague with 
fellow members, this bill will ``undermine our financial regulators' 
efforts to regulate cross-border derivatives .  .  . putting our 
financial markets and economy at risk and undermining one of the most 
important provisions of Wall Street Reform.'' I stand firm with 124 of 
my colleagues who voted against this harmful legislation and will 
continue to fight for sensible policies that will prevent the kind of 
reckless gambling by our financial institutions that led us to the 
brink of economic catastrophe.

[[Page E856]]



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