Wall Street Reform and Consumer Protection Act
Cry Wolf Quotes
If we have higher capital requirements than the rest of the world, now you are just putting the nail in the coffin.
Main Street non-financial businesses would be hit with taxation, regulation, and possible nationalization by the Federal Reserve.
One of the principal impediments to job creation is uncertainty on the part of American companies, large and small. We've all watched as companies have sat on a lot of capital. They're uncertain about what tax policy is going to be. They're clearly uncertain about how health care costs. They're uncertain about all the regulations on capital markets.
The legislation introduced by these Senators today rightly recognizes that the Fed’s rule will cause significant and immediate harm to community banks, consumers and the broader economy.
