Statement by Demos' Heather McGhee on House Action on Final Financial Reform Legislation
Washington--"Today the House of Representatives took a historic step toward shoring up an economy that works for all Americans--not just the biggest Wall Street firms. "The Dodd-Frank Wall Street Reform and Consumer Protection Act will level the economic playing field for American consumers, investors and businesses. It will bring the riskiest trading out of the shadows. And it will put in place safeguards against the collapse of over-leveraged, interconnected firms and taxpayer-funded bailouts. "The House has acted to bring an end to the thirty-year era of misguided deregulatory