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Jack Reed actually said...

Yes. That is what you just said, so the public interest test, it is fire and forget.

Context

Reed emphasizes the neglect of ongoing public interest evaluations after initial approvals.

01/14/2014

https://www.congress.gov...

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Again, I think one of the things we tried to attempt in Dodd-Frank was to clarify the position of the President of the Federal Reserve Bank....
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If we lose that competition, then our fundamental sort of foundation of national security will quickly erode.
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View All Jack Reed Quotes

Jack Francis Reed
in office

usa, Rhode Island

3,124 Quotes

Born11/12/1949 (age 75)

PartyDemocratic

  • United States Senator

    1/7/1997 - present
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