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6/22/2020

Statement of Treasury Secretary Tim Geithner on Passage of H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009

U.S. DEPARTMENT OF THE TREASURY
Press Center

Statement of Treasury Secretary Tim Geithner on Passage of H.R. 4173, the Wall
Street Reform and Consumer Protection Act of 2009
12/11/2009

December 11, 2009
2009-12-11-15-25-22-15454
The U.S. Department of the Treasury today released the following statement from
Secretary Tim Geithner on the passage of H.R. 4173 – The Wall Street Reform and
Consumer Protection Act of 2009:
"I commend the House for passing H.R. 4173 – The Wall Street Reform and Consumer
Protection Act of 2009. President Obama called on Congress to enact comprehensive
reform of our Nation's financial regulatory system in response to last year's financial
collapse. The President set forth clear objectives and principles for reform that were endorsed by Congressional leaders. House passage
of this bill moves us an important step closer to meeting the President's objectives for reform. Comprehensive reform must establish clear
rules of the road with strong enforcement for our nation's financial institutions and markets; end loopholes that allowed big Wall Street
firms to escape supervision; make it clear that no firm is "too big to fail ;" and provide strong consumer and investor protections for
American families. As with any legislation of this scale and complexity, the Administration looks forward to continuing its close work with
Congress to strengthen key provisions as the legislation moves toward final passage. "
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https://www.treasury.gov/press-center/press-releases/Pages/2009121115252215454.aspx

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6/22/2020

Statement of Treasury Secretary Tim Geithner on Passage of H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009

https://www.treasury.gov/press-center/press-releases/Pages/2009121115252215454.aspx

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