WASHINGTON, D.C. – Following the announcement of the Financial Stability Oversight Council’s (FSOC) new transparency rules, U.S. Sen. Sherrod Brown (D-OH) – Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs –  today issued the following statement:

“FSOC was created to prevent risky Wall Street practices from ever again putting our economy on the brink of collapse. Following the worst financial crisis since the Great Depression, there was broad agreement that the U.S. needed a single entity responsible for examining risks facing the entire financial system.  I encourage FSOC to act swiftly on transparency and accountability proposals while balancing the need to stand up for taxpayers and protect important business information.”

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