Rep. Ellison Statement on Defeat of Bill to Weaken Dodd-Frank
WASHINGTON—Rep. Keith Ellison (D-MN) released the following statement today after 145 House Democrats defeated a bill considered under suspension rules that contained provisions to postpone implementation of the Volcker rule.
“I’m proud House Democrats stood together today to protect critical Wall Street reforms. Families are only now starting to recover from the devastating financial crisis. Congress must strengthen and fully enforce the Dodd-Frank Wall Street Reform Act.
“Republicans are starting the 114th Congress by fast-tracking bills to help mega banks and slow-walking legislation to support working Americans. Under the leadership of Ranking Member Maxine Waters and Leader Nancy Pelosi, Democrats will continue to stand on the side of America’s working families.”