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Senate passes major Wall Street reform: Next step, House, Senate deal

Below, Durbin statement…

DURBIN STATEMENT ON THE PASSAGE OF MAJOR

WALL STREET REFORM LEGISLATION

[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) released the following statement after the Senate passed the Restoring American Financial Stability Act by a vote of 59- 39.

“This bill means no more taxpayer bailouts for Wall Street and no more high-flying bank schemes that can drag down our economy.

It contains the strongest financial consumer protections in our nation’s history and empowers consumers to make the best decisions on mortgages, student loans, and auto loans.

It has been a long fight, but it was worth it. Finally Main Street trumped Wall Street.”

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