U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today in support of the House Republican Financial Regulatory Reform plan:
The American people are hurting and the last thing they want is more bailouts from Washington. They recognize that providing a hand-out to failing businesses really means that the federal government is burying generations under a mountain of debt and destroying the very foundation of free market capitalism that has allowed this great nation to prosper for generations.
Let me be clear, Congress cannot continue to ask our nation’s hard-working families, who have played by the rules, lived within their means, and paid their bills, to bailout the irresponsible decisions of others or the failed policies of Washington. Enough is enough.
Today, House Republicans are standing with the American people who have said loud and clear: no more bailouts. The House Republican Regulatory Reform plan is a commonsense solution that puts taxpayers first, restores much needed market discipline and addresses the root of our financial troubles without forcing our children and grandchildren to foot the bill.