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Congressman Bob Latta (R-Bowling Green) made the following statement after voting against the conference report for H.R. 4173.

“Over a year and a half later, taxpayers across the country are still outraged that they bailed out Wall Street and big banks and now this bill will leave taxpayers permanently vulnerable to financing future financial institution bailouts.  This bill does nothing to end the ‘too big to fail’ practice of Washington bureaucrats dictating how taxpayer dollars will be spent to bailout private businesses.  It also fails to address the $145 billion in taxpayer dollars that have been used to bailout Fannie Mae and Freddie Mac. 

This bill also places additional burdens on financial institutions in the form of taxes, fees, and assessments which will ultimately be passed along to consumers.  These additional costs will further tighten much needed capital for small businesses who want to create jobs and put our nation back to work.” 

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