Statement by Commissioner Chilton on the Passage of Financial Market Regulatory Reform

May 21, 2010

“With the senate's historic vote last evening to pass sweeping measures to rein in Wall Street excesses, there will be a new wind blowing.  Not since the Great Depression have we needed this kind of fundamental change in market oversight, and our Senate leadership has provided it.

I am confident the conference will move forward quickly to get a bill in front of the president for his signature, a bill that will pull back from the deregulatory excesses of the past decade and move us toward more consumer-oriented regulation--oversight and enforcement that protects the people of this country from paying unfair prices for basic goods and services--this is an absolutely necessary first step in getting our country back to financial health and safety.”

Last Updated: June 14, 2010