Wall Street Reform and Consumer Protection Act Quotes

Our concern is that ... it will create a one-size-fits-all federal system that will marginalize both directors and shareholders.

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Tom Quaadman, executive director of the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce

Main Street non-financial businesses would be hit with taxation, regulation, and possible nationalization by the Federal Reserve.

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Group letter signed by conservative groups including Americans for Tax Reform and Tea Party Express

The Dodd bill would push the government into the business of dictating the terms at which consumers and businesses can contract. This has nothing to do with protecting consumers and everything to do with replacing consumer preferences with bureaucrats’ choices.

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“Dodd’s Job-killer”, by Mark A. Calabria

This one-size-fits-all approach would distract directors from managing a company, lessen shareholders voice in proposals and director elections, and continue to disenfranchise retail shareholders.

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R. Bruce Josten, Executive Vice president for Government Affairs with the Chamber of Commerce

Congress, the administration and the states must recognize that our weak economy simply cannot sustain all the new taxes, regulations and mandates now under consideration. It is a surefire recipe for a double-dip recession or worse.

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Thomas Donohue, President of the Chamber of Commerce

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