Tester response to release of Senate Wall Street reform plan

(WASHINGTON, D.C.) – U.S. Senator Jon Tester today made the following statement in response to the release of the Senate’s Wall Street reform proposal:

“It’s about time we pull the curtain on the era of ‘too-big-to-fail.’  It’s time to put refs back on Wall Street.  And it’s time to close loopholes and end undeserved bonuses.

“In Montana, we place a premium on accountability.  I’ll support a reform plan that ensures Wall Street is held accountable to Main Street and to rural America.  And I’ll support a plan that doesn’t punish Montana’s community banks for living within their means.

“Now I look forward to helping shape this proposal into the best Wall Street reform bill possible.”

Tester, a member of the Senate Banking Committee, is the only Senate Democrat who voted against the Wall Street bailout and the bailout of the U.S. auto industry in 2008.

The Senate’s Wall Street reform proposal is available online HERE.  A summary of the legislation is available online HERE.