May 20, 2010

Gillibrand Statement On Final Passage Of Financial Stability Act

Reform Protects Taxpayers, Holds Banks Accountable, Prevents Future Catastrophes

Washington, DC – Tonight, as the U.S. Senate passes the Restoring American Financial Stability Act, U.S. Senator Kirsten Gillibrand issued the following statement:

“Today, taxpayers and middle class families are getting the protections they deserve after experiencing the worst financial crisis since the Great Depression.

“The Restoring American Financial Stability Act establishes new, common sense rules of the road to protect taxpayers, ensures the stability of our economy, and prevents future catastrophes. It holds banks and lenders accountable, reins in excessive risk, looks out for consumers, and keeps New York the center of the world’s financial markets.

“The bottom line is that this legislation will keep our economy stable, growing, and working for all."