On the recordMarch 22, 2013
I rise in strong opposition to amendment No. 340. The amendment is another attempt to block Wall Street reform. This amendment would slow down rulemaking and invite Wall Street to bring lawsuits against their financial regulators. GAO recently found that the recent financial crisis may have cost us over $13 trillion. We should not hamstring the cops on the beat as they try to prevent another crisis. Efforts to undermine sensible regulations are opposed by many organizations, including AARP, CFA, and the AFL-CIO. I oppose this amendment and I urge my colleagues to do so as well. The ACTING PRESIDENT pro tempore. The Senator from Washington.
