Tuesday, September 22, 2015

Senate passes Warren's Truth in Settlements Bill

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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