Statement of Administration Policy – H.R. 37

Elizabeth Warren has posted on her Facebook page.

House Republicans are trying over and over again to water down the financial regulations on Wall Street and give the big banks more time to gamble with taxpayer-backed money.

She included a link to the Statement of Administration Policy – H.R 37 – Promoting Job Creation and Reducing Small Business Burdens Act.

The Dodd-Frank Wall Street Reform and Consumer Protection Act is helping prevent the kinds of excessive financial risk taking that caused the worst recession in more than 70 years, left millions of Americans unemployed, and resulted in trillions of dollars in lost wealth. These reforms help protect hard working families in everything from saving for retirement to the ability of small businesses to access credit through a stable financial system. H.R. 37 unnecessarily puts these working and middle-class families at risk while benefitting Wall Street and other na rrow special interests

If the President were presented with H.R. 37, his senior advisors would recommend that he veto the bill.

I feel slightly more comfortable now that I see this in black and white and posted on the internet for all to see.  The President certainly could not back down from this position, could he?

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