Waters Lauds President’s SOTU Pledge to Protect Dodd-Frank
Following President Obama’s State of the Union address, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, praised the President for underscoring the importance of the Wall Street Reform Act and making clear he will veto any legislative effort to undermine it.
“As Ranking Member of the Financial Services Committee, I’m very pleased that tonight, President Obama reaffirmed the importance of the Dodd-Frank Wall Street Reform Act and underscored his intention to veto any legislation that undermines this important law. The President's pledge to protect Wall Street reform is even more critical in the aftermath of recent Republican efforts to chip away at the law and return to the lax policies that brought our economy to the brink of collapse. It's clear the President understands that the best way to ensure we continue to make positive economic progress is through strong oversight of Wall Street and an even stronger consumer watchdog.