Wendy Sherman: “This bill contains 12 measures that have wide Democratic support. Unfortunately, they have been held hostage and added…”

“This bill contains 12 measures that have wide Democratic support. Unfortunately, they have been held hostage and added to a bill that contains a pharmacy of poison pills. The gentleman from New Mexico points out that we need to do something with manufactured housing. I support that bill. Liberate that bill. Don't put it in a bill that is going to die in the Senate. The gentleman from Wisconsin talks about too big to fail. Please cosponsor the Sanders-Sherman bill to break up the too big to fail rather than this bill that lets them stay too big and takes away the regulation. I look forward to working in a bipartisan way to support the Financial Accounting Foundation's efforts to have independently funded standards for government-issued debt. This bill takes that away. I look forward to working in a bipartisan way to have different and lesser standards for community financial institutions like credit unions and local banks. Instead, this highly partisan bill takes us down the wrong highway. It is a highway to a bill that will go nowhere in the Senate, and then we will resume our efforts to improve financial regulation in this country.”