{"id":6716,"date":"2010-07-15T15:44:00","date_gmt":"2010-07-15T19:44:00","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/"},"modified":"2023-07-24T11:11:13","modified_gmt":"2023-07-24T15:11:13","slug":"merkley-statement-on-final-senate-passage-of-wall-street-reform","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/","title":{"rendered":"Declaraci\u00f3n de Merkley sobre la aprobaci\u00f3n final de la reforma de Wall Street en el Senado"},"content":{"rendered":"<p><strong>WASHINGTON DC <\/strong>&ndash; Today, the U.S. Senate passed the biggest overhaul of rules governing finance and banking since the Great Depression, intended to rein in abuses on Wall Street and help prevent a future financial crisis.&nbsp; Senator Merkley released the following statement:<\/p>\n<blockquote><p>&nbsp;&ldquo;Today the Senate sent a clear message that the financial security of families and businesses on Main Street must always come before the short-term profits of Wall Street.&nbsp; For decades, we let rampant deregulation and deceptive lending practices undermine families&rsquo; well-being, poison our financial system and ultimately bring the economy to its knees.&nbsp; This bill will help restore safety and soundness to our financial system and ensure that working families get a fair deal in their everyday financial transactions.&nbsp; <\/p>\n<p><p>&ldquo;I am pleased that the final bill includes the Merkley-Levin amendment that will ban high-risk trading inside the banks and put an end to conflicts of interest, where giants like Goldman Sachs bet against the very securities they were selling to their customers.&nbsp; This provision will encourage banks to return to the days where their main focus was lending.&nbsp; I can&rsquo;t thank Senator Carl Levin enough for his tireless work to ensure that our banks won&rsquo;t engage in high-risk trading and put our entire financial system at risk.<\/p>\n<p>&ldquo;In addition, I&rsquo;m pleased that the bill includes provisions I championed to end some of the most egregious mortgage practices that led to the housing crisis and cost millions of families their homes.&nbsp; The bill will ban steering payments, liar loans, and prepayment penalties and give Americans the transparency they deserve when purchasing their own home.&nbsp;&nbsp; It will also create a Consumer Financial Protection Bureau dedicated to protecting consumers from financial tricks and traps, such as unfair overdraft fees and exploding interest rates. &nbsp;<\/p>\n<p>&ldquo;Now, this bill will not solve every problem in our financial system, and from my perspective, could be stronger in significant ways.&nbsp; Regulators have been given an enormous amount of responsibility to implement the bill as intended.&nbsp; In order to ensure that they hold up their end of the bargain, Congress needs to conduct vigorous oversight of government regulators and our financial markets.<\/p>\n<p>&ldquo;Overall, this bill sets our nation on the right path.&nbsp; There is more work to do to fix the failures of the past, but this bill lays the groundwork for a stronger and more stable economy and levels the playing field for our working families and small businesses on Main Street.&nbsp; I commend Senate Banking Chairman Chris Dodd for his dedication to getting this bill passed and restoring fairness for middle class families across America.&rdquo;<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, DC &ndash; Today, the U.S. Senate passed the biggest overhaul of rules governing finance and banking since the Great Depression, intended to rein in abuses on Wall Street and help prevent a future financial crisis.&nbsp; Senator Merkley released the following statement: &nbsp;&ldquo;Today the Senate sent a clear message that the financial security of families [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[47],"class_list":["post-6716","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-protecting-consumers-taxpayers-and-the-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merkley Statement on Final Senate Passage of Wall Street Reform - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merkley Statement on Final Senate Passage of Wall Street Reform - Merkley\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, DC &ndash; Today, the U.S. Senate passed the biggest overhaul of rules governing finance and banking since the Great Depression, intended to rein in abuses on Wall Street and help prevent a future financial crisis.&nbsp; Senator Merkley released the following statement: &nbsp;&ldquo;Today the Senate sent a clear message that the financial security of families [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.merkley.senate.gov\/es\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\" \/>\n<meta property=\"og:site_name\" content=\"Merkley\" \/>\n<meta property=\"article:published_time\" content=\"2010-07-15T19:44:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-24T15:11:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Merkley Statement on Final Senate Passage of Wall Street Reform\",\"datePublished\":\"2010-07-15T19:44:00+00:00\",\"dateModified\":\"2023-07-24T15:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\"},\"wordCount\":469,\"keywords\":[\"Protecting Consumers, Taxpayers, and the Economy\"],\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"es-MX\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\",\"url\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\",\"name\":\"Merkley Statement on Final Senate Passage of Wall Street Reform - Merkley\",\"isPartOf\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/#website\"},\"datePublished\":\"2010-07-15T19:44:00+00:00\",\"dateModified\":\"2023-07-24T15:11:13+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/#breadcrumb\"},\"inLanguage\":\"es-MX\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.merkley.senate.gov\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Merkley Statement on Final Senate Passage of Wall Street Reform\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.merkley.senate.gov\/#website\",\"url\":\"https:\/\/www.merkley.senate.gov\/\",\"name\":\"Merkley\",\"description\":\"Merkley\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.merkley.senate.gov\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es-MX\"},{\"@type\":\"Person\",\"@id\":\"\",\"url\":\"https:\/\/www.merkley.senate.gov\/es\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Merkley Statement on Final Senate Passage of Wall Street Reform - Merkley","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.merkley.senate.gov\/es\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/","og_locale":"es_MX","og_type":"article","og_title":"Merkley Statement on Final Senate Passage of Wall Street Reform - Merkley","og_description":"WASHINGTON, DC &ndash; Today, the U.S. Senate passed the biggest overhaul of rules governing finance and banking since the Great Depression, intended to rein in abuses on Wall Street and help prevent a future financial crisis.&nbsp; Senator Merkley released the following statement: &nbsp;&ldquo;Today the Senate sent a clear message that the financial security of families [&hellip;]","og_url":"https:\/\/www.merkley.senate.gov\/es\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/","og_site_name":"Merkley","article_published_time":"2010-07-15T19:44:00+00:00","article_modified_time":"2023-07-24T15:11:13+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/#article","isPartOf":{"@id":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/"},"author":{"name":"","@id":""},"headline":"Merkley Statement on Final Senate Passage of Wall Street Reform","datePublished":"2010-07-15T19:44:00+00:00","dateModified":"2023-07-24T15:11:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/"},"wordCount":469,"keywords":["Protecting Consumers, Taxpayers, and the Economy"],"articleSection":["Press Releases"],"inLanguage":"es-MX"},{"@type":"WebPage","@id":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/","url":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/","name":"Merkley Statement on Final Senate Passage of Wall Street Reform - Merkley","isPartOf":{"@id":"https:\/\/www.merkley.senate.gov\/#website"},"datePublished":"2010-07-15T19:44:00+00:00","dateModified":"2023-07-24T15:11:13+00:00","author":{"@id":""},"breadcrumb":{"@id":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/#breadcrumb"},"inLanguage":"es-MX","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.merkley.senate.gov\/merkley-statement-on-final-senate-passage-of-wall-street-reform\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.merkley.senate.gov\/"},{"@type":"ListItem","position":2,"name":"Merkley Statement on Final Senate Passage of Wall Street Reform"}]},{"@type":"WebSite","@id":"https:\/\/www.merkley.senate.gov\/#website","url":"https:\/\/www.merkley.senate.gov\/","name":"merkley","description":"merkley","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.merkley.senate.gov\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es-MX"},{"@type":"Person","@id":"","url":"https:\/\/www.merkley.senate.gov\/es\/author\/"}]}},"_links":{"self":[{"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/posts\/6716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/comments?post=6716"}],"version-history":[{"count":1,"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/posts\/6716\/revisions"}],"predecessor-version":[{"id":16092,"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/posts\/6716\/revisions\/16092"}],"wp:attachment":[{"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/media?parent=6716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/categories?post=6716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.merkley.senate.gov\/es\/wp-json\/wp\/v2\/tags?post=6716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}