[Congressional Record (Bound Edition), Volume 155 (2009), Part 23]
[House]
[Page 31009]
[From the U.S. Government Publishing Office, www.gpo.gov]




             WALL STREET REFORM AND CONSUMER PROTECTION ACT

  (Mr. HALL of New York asked and was given permission to address the 
House for 1 minute.)
  Mr. HALL of New York. Mr. Speaker, I rise today in strong support of 
H.R. 1473, the Wall Street Reform and Consumer Protection Act. To help 
Main Street, we must reform the way Wall Street has done business and 
end the risky practices that have caused millions of Americans to lose 
their jobs, their homes, and life savings.
  This legislation will protect American consumers and prevent the 
irresponsible behaviors and practices that caused the financial crisis 
last fall. H.R. 1473 restores responsibility and accountability on Wall 
Street through tough rules and regulations of risky practices. It 
protects consumers on Main Street by ensuring that bank loans, 
mortgages, and credit cards are fair and transparent. It also ensures 
that taxpayers will never again need to bail out Wall Street banks by 
ensuring the ``too big to fail'' firms don't have a stranglehold on the 
market.
  These firms' practices led us to the brink of disaster last fall, and 
we cannot allow them to threaten our economy again with dangerous 
behavior. H.R. 1473 reforms these practices, and I urge my colleagues 
to support it.

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