Richard Shelby: “My goal during consideration of this legislation here will be to reshape this bill so that it actually ends bailouts…”

“My goal during consideration of this legislation here will be to reshape this bill so that it actually ends bailouts, protects consumers without jeopardizing our small community banks, and brings transparency, as Senator Dodd mentioned, to the world of derivatives, without sacrificing economic growth and job creation, which we desperately need in this country. I, along with many of my colleagues on both sides of the aisle-- Democrats and Republicans--will seek to remove dozens of provisions that unnecessarily expand the reach of the Federal Government into the private affairs of Americans and potentially endanger our civil liberties.”