Carper Compromise Amendment Adopted by Senate

WASHINGTON  – Today Sen. Tom Carper (D-Del.) released the following statement after the Senate adopted the Carper-Bayh-Warner-Johnson amendment to the Financial Stability Bill by a vote of 80 to 18: 

"The compromise we passed today would preserve our national banking system while also giving state attorneys general the authority to enforce new rules issued by the consumer protection bureau.  This was a hard-fought but fair compromise that will give businesses certainty and provide an extra set of cops on the beat to help make sure that consumers aren’t handed a raw deal."

Please click here to watch Sen. Carper’s floor speech on his compromise amendment (time stamp: 00:16:12).