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JOHNSON COMMENTS ON POLL SHOWING OVERWHELMING PUBLIC SUPPORT FOR WALL STREET REFORM

July 19, 2011

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released the following statement regarding a poll conducted by Lake Research Partners that shows overwhelming bipartisan support for the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The poll found that voters favor full implementation of the Wall Street Reform Act by a 3 to 1 margin.  The poll also found that 74% of voters, including 68% of Republicans, support the creation of a single agency solely focused on consumer financial protection.
 
“This poll is further proof that the American people understand the importance of greater oversight of Wall Street, and the need for an effective and independent consumer financial watchdog,” said Chairman Johnson.
 
“The President has nominated Richard Cordray to be the first ever Director of the Consumer Financial Protection Bureau, and I intend to move his nomination forward in the Banking Committee in a timely manner.  It is disappointing that most Senate Republicans have threatened to block the nomination of any CFPB Director despite the American people's clear support for the Bureau and its mission of protecting consumers.”
 
The nationwide bipartisan poll of 804 likely voters was sponsored by the AARP, Americans for Financial Reform, and the Center for Responsible Lending. More details on the poll's findings and methodology can be found here.
 
 
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