Army Corps of Engineers Recreation Improvement Act

Mr. Speaker, I rise today in strong support of H.R. 1473, the Wall Street Reform and Consumer Protection Act. To help Main Street, we must reform the way Wall Street has done business and end the risky practices that have caused millions of Americans to lose their jobs, their homes, and life savings.

This legislation will protect American consumers and prevent the irresponsible behaviors and practices that caused the financial crisis last fall. H.R. 1473 restores responsibility and accountability on Wall Street through tough rules and regulations of risky practices. It protects consumers on Main Street by ensuring that bank loans, mortgages, and credit cards are fair and transparent. It also ensures that taxpayers will never again need to bail out Wall Street banks by ensuring the ``too big to fail'' firms don't have a stranglehold on the market.

These firms' practices led us to the brink of disaster last fall, and we cannot allow them to threaten our economy again with dangerous behavior. H.R. 1473 reforms these practices, and I urge my colleagues to support it.