Pelosi Statement on Senate Passage of Wall Street Reform Legislation

Contact: Brendan Daly/Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, DC - Speaker Nancy Pelosi released the following statement upon Senate passage of Wall Street Reform legislation:

"Tonight, the Senate joined the House in passing a bill to stop the reckless and excessively risky practices on Wall Street that cost millions of Americans their jobs and life’s savings, and restore transparency, accountability, and fairness to a financial system run amok. I commend Senator Dodd for his leadership.

"The House and Senate versions of Wall Street reform legislation are more alike than they are different; where there are differences, we will work together to strengthen the legislation. I thank Senator Reid for his leadership in shepherding this legislation through the Senate and we will move quickly to get a bill to the President’s desk for his signature.

"We have an historic opportunity to revamp oversight of the financial industry in our nation and to protect Main Street from the excesses of Wall Street. In the House, Republicans have unanimously opposed this progress, choosing instead to stand with special interests and big banks. I hope Republicans will join us in supporting strong, commonsense reforms, and sound solutions to protect the pocketbooks and the jobs of the American people."