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 in response to a new report from the Department of Treasury, which details recommendations to roll back capital markets, which would hurt investor protections.

Washington should not be doing Wall Street’s bidding, while leaving taxpayers with the price tag. Instead of turning industry wish lists into reports, Treasury should focus on protecting working people from banks like Wells Fargo that abuse customers. ”

Today’s report is the second of four reports from the Department of Treasury, as mandated by an executive order President Donald Trump signed in February. The first report, released in June 2017, called for rolling back Wall Street protections that were put in place to protect consumers and taxpayers following the 2008 financial crisis.

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