[Congressional Record (Bound Edition), Volume 155 (2009), Part 22]
[House]
[Page 29847]
[From the U.S. Government Publishing Office, www.gpo.gov]




            WALL STREET REFORM AND CONSUMER PROTECTIONS ACT

  (Mrs. CAPPS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Mrs. CAPPS. Madam Speaker, I rise today in strong support of the Wall 
Street Reform and Consumer Protection Act. This historic legislation 
will strengthen our financial regulatory system and better protect 
consumers from abuse by the lending and credit industries. Most 
importantly, this historic legislation ends ``too big to fail'' and 
government bailouts.
  Never again will taxpayer dollars be used to bail out Wall Street and 
their overpaid executives. Large financial institutions like AIG or 
Lehman Brothers at risk of collapse will be dissolved in an orderly and 
controlled process, and this process will be paid for by the 
shareholders, by creditors, and the assets of failed companies--not by 
the taxpayers.
  For years, Wall Street has reaped the spoils of success with no 
penalties for failure. This bill will end this injustice and force Wall 
Street to accept responsibility for its failings.
  I urge my colleagues to support this bill.

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