On the recordJuly 15, 2010
I thank the chairman for those kind remarks. It is a good feeling for all of us who have labored on this legislation--Members and staff--that we are finally coming to a successful conclusion on the Dodd-Frank Wall Street Reform and Consumer Protection Act and it is going to be enacted into law. As those equally controversial pieces of legislation in the 1930s stood the test of time for decades, I think this bill will stand the test of time for decades as well in terms of creating a new set of rules of the road for not just America's financial sector but, in a sense, the world's financial sector for decades to come. While not perfect--no piece of legislation is--one of the things that gives me some confidence that the right balance has been struck is that this bill has been criticized by both the left and the right.





