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DODD AND SHELBY ISSUE JOINT STATEMENT ON THE PROGRESS OF FINANCIAL REFORM

December 23, 2009

WASHINGTON – Today Senate Banking Committee Chairman Chris Dodd (D-CT) and Ranking Member Richard Shelby (R-AL) issued a joint statement on the progress being made on financial reform.
 
“The economic crisis our country faced over the last year exposed serious weaknesses in our financial regulatory structure.”
 
“The lesson was clear.  Our country needs financial regulatory reform and we are committed to working together on legislation to create a sound regulatory structure.”
 
“In this process we share many of the same goals.”
 
“For the last few weeks we, and other members of the Banking Committee, have been engaged in serious negotiations, with the goal of producing a bill that strengthens our regulatory structure and makes our economy more secure.”
 
“These talks have been extremely productive, with members providing great insight and demonstrating a desire to get this done and get this done right.”
 
“We have made meaningful progress and we hope to resolve the remaining issues before we reconvene in January.”
 
 
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