April 9, 2021
The middle class is shrinking and the greatest transfer of wealth in modern history occurred over the last year, during which many Amercians (and indeed people all over the world) have been pressured financially and emotionally. Our financial institutions used SLR exemptions meant for the good of all, to enable greed-driven investment institutions to punish COVID-19 restricted businesses while being massively overleveraged.
Let's stop overleveraged financial instituitions from causing another, self-inflicted economic crash while America is healing and rebuilding.
SR-NSCC-2021-801 must be passed without delay to avoid any further damage. It is time for growth, innovation, and prosperity and to show the world that the United States of America takes their financial regulation seriously.