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Wednesday, July 14, 2010

Praise for Key Republican Leaders from the President

As the Restoring American Financial Stability Act of 2010 goes to the President's desk, he acknowledged three leaders from the GOP that broke ranks to support reform, that which includes the Durbin amendment governing debit card fees.

http://www.nacsonline.com/NACS/News/Daily/Pages/ND0714101.aspx

Yesterday President Obama praised three GOP senators for supporting the financial regulatory overhaul bill conference report: Senators Olympia Snowe (ME), Susan Collins (ME) and Scott Brown (MA). Their crucial support means that the Senate has secured the necessary votes to streamline final passage and block a filibuster attempt.

Congressional Quarterly reports that Obama commented, "Three Republican senators have put politics and partisanship aside to support this reform. And I am grateful for their decision, as well as all the Democrats who have worked so hard to make this reform a reality.”

"This reform is good for families; it's good for businesses; it's good for the entire economy," Obama said.

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