• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Braley says he’s frustrated with Senate over financial reform bill

Braley says he’s frustrated with Senate over financial reform bill

July 1, 2010 By O. Kay Henderson

Iowa Congressman Bruce Braley says he’s frustrated with the U.S. Senate’s failure to pass the final version of the financial reform bill. The U.S. House approved the sweeping package on Wednesday. It creates a new federal agency to oversee the financial industry, but three key Republicans in the U.S. Senate have said they’re not sure they’ll support it.

The bill won’t pass without their support, as Democrats need 60 senators to unite in order to avoid a filibuster on the bill. Braley, a Democrat from Waterloo, says it’s been frustrating to watch. “At some point in time Senators on both parties are going to have to decide whether they can go back to their home states, look their voters in the eye if they fail to get the job done and complete the hard work of restoring fiscal sanity and how we regulate the market,” Braley says.

Braley calls the Restoring American Financial Stability Act of 2010 the “strongest set of reforms” congress has passed since the Great Depression. Congressman Leonard Boswell, a Democrat from Des Moines, says the legislation “will deter bank executives from excessive risk-taking and hold them accountable for their actions.”

 Congressman Dave Loebsack, a Democrat from Mount Vernon, the bill sends this “clear message” to Wall Street: “clean up your act.”

Share this:

  • Facebook
  • Twitter

Filed Under: Business, Politics / Govt Tagged With: Bruce Braley, Democratic Party

Featured Stories

Exhibit features lesser known works of Grant Wood

Testing finds 21 new CWD cases in deer

It may become a crime in Iowa to use fake urine in workplace drug tests

February trending 18 degrees below average temperature

Iowa House Education Committee votes to end tenure at UI, ISU, UNI

TwitterFacebook
Tweets by RadioIowa

New look and new format at girls’ state basketball

Youngstown State takes action against assistant football coach

Iowa’s Jack Nunge lost for the season

Key stretch begins for #9 Iowa

Drake’s Roman Penn lost for the season

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 · Learfield News & Ag, LLC