WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), chairman of the Senate Banking Subcommittee on Economic Policy, issued the following statement upon the finalization of a Wall Street reform conference report:
"This is an important step in our efforts to put Main Street ahead of powerful special interests. Passage of Wall Street reform legislation will provide American taxpayers with greater protection from the kind of risky Wall Street practices that put our economy on the verge of collapse and led to the loss of eight million jobs and six million homes.
"While I would have liked to impose tougher rules on derivatives and address the problems created by banks that are too big and have too much leverage, this legislation will help rein in the Wall Street banks and their financial weapons of mass destruction. We cannot allow short-sighted practices on Wall Street to put our economy on the brink of collapse.
"Wall Street banks risked Main Street jobs, Main Street pensions, and Main Street neighborhoods with get rich quick schemes that collapsed. Wall Street reform is the first step toward ending this."