WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement on the passage S. 2155, the Dodd-Frank Roll Back Bill. Brown, a leading and vocal opponent of the legislation, raised concerns that this bill does nearly nothing for consumers, while scaling back protections for homeowners and putting taxpayers at risk of another bank bailout.
“This body once again sided with special interests and Wall Street instead of homeowners, students and working families,” said Brown. “We missed an opportunity to pass meaningful bipartisan legislation that would help community banks and provide real protections for consumers. Instead, we rolled back accountability measures for some of the biggest domestic and foreign banks at the expense of taxpayers. As this bill goes to the House, I will continue fighting against further rollbacks that put American taxpayers at risk of bailing out big banks.”