WASHINGTON BUREAU — Senate Banking, Housing and Urban Affairs Committee leaders say they hope to resolve remaining concerns about financial services reform legislation by the time the Senate reconvenes in January.
Sen. Christopher Dodd, D-Conn., chairman of the committee, and Sen. Richard Shelby, R-Ala., the highest ranking Republican on the committee, joined to issue a statement on their bipartisan financial services efforts on Christmas Eve, as the Senate was holding a party-line vote on the Senate health bill.
“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,” Dodd and Shelby say in the joint statement.
“These talks have been extremely productive, with members providing great insight and demonstrating a desire to get this done and get this done right,” Dodd and Shelby say. “We share many of the same goals.”
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Here is a list of their goals:
- “We seek to end ‘Too Big to Fail.’”
- “We need to protect American taxpayers from future bailouts by enhancing our resolution regime.”
- “We agree that consumer protections need to be strengthened.”