Financial Services Reform Requires a Bipartisan Effort

Former U.S. Rep. Tom Davis (R-VA) – “Efforts to reform our financial services industry are too important to become just another partisan political issue.”

Contact: Chris Barron
(202) 286-4533

(Washington, D.C.) – Today, Senate Banking Chairman Chris Dodd (D-CT) announced that he would be unveiling his own financial services reform bill without the support of Republicans who have been working with him on a bipartisan approach. In response, former U.S. Rep. Tom Davis (R-VA), current President and CEO of Main Street, issued the following statement:

“Efforts to reform our financial services industry are too important to become just another partisan political issue. Republicans in both the House and the Senate have expressed a willingness to work with their Democratic colleagues to pass a financial services reform package that will protect consumers and investors, while at the same time not creating unnecessary bureaucratic red tape that will hamstring our economy during these tough times.

“We implore Senator Dodd and the Democratic leadership in both chambers to put the best interests of Americans before election year politics.”

The Republican Main Street Partnership (RMSP) is dedicated to promoting and building a pragmatic, thoughtful, fiscally conservative, and inclusive “Governing Majority,” where political debate is encouraged to promote solutions to improve the lives of all Americans. Embracing the full spectrum of center-right ideologies and values in order to build coalitions, RMSP is the largest organization of elected leaders who are in the mold of Abraham Lincoln, Teddy Roosevelt, and Ronald Reagan. For more information on RMSP, visit our website at www.republicanmainstreet.org.