I'm amazed that this Bill unanimously passed the US Senate. Republicans actually voted for transparency in how Wall Street buys off regulators to get away with criminal activity with just a financial slap on the wrist. Now on to the House which will surely thwart it. Warren said:
"I’m glad the Senate unanimously passed the Truth in Settlements Act last
night – my bipartisan bill with Oklahoma Sen. James Lankford to provide
more transparency around government settlements. The idea behind this
bill is straightforward: If the government is going to cut deals on
behalf of the American people, the American people are entitled to know
what kind of a deal they're getting. This legislation will shut down
backroom deal-making and ensure that Congress, citizens and watchdog
groups can hold regulatory agencies accountable for strong and effective
enforcement that benefits the public interest."
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