Research

Yesterday, Senate Democrats passed a massive 1,400 page financial reform bill that we are told will protect Main Street from the abuses of Wall Street. But despite the Democrats’ claims, the army of regulators that this bill unleashes will not be doing Main Street any favors.

For Main Street businesses this new regulatory regime will be a nightmare. It will leave them with less access to credit, tighter restriction on how they do business and more hoops to jump through just to keep federal bureaucrats happy. For the rest of us that means fewer jobs, higher prices and more local businesses that will not be able to compete.   

That’s why Republicans stood with Main Street and voted against this disastrous piece of legislation while Democrats locked hands with Wall Street and muscled it through.

Find out more about how the financial regulations bill will send Wall Street “From Regs To Riches” here.