WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – issued the following statement today as the U.S. Court of Appeals for the District of Columbia Circuit hears oral arguments in MetLife Inc.’s challenge of its designation by the Financial Stability Oversight Council (FSOC) as a systemically important financial institution.

“Wall Street Reform created the FSOC so U.S. taxpayers are never again forced to bail out ‘too-big-to-fail’ financial companies,” Brown said. “Any actions that could undermine or hamstring that important oversight mission – whether by a court or by Congress – are steps in the wrong direction that could once again expose everyday working people to risky Wall Street practices.”