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Congressman Mike Thompson

Representing the 5th District of CALIFORNIA

Thompson Votes Against Dodd-Frank Repeal

Jun 8, 2017
Press Release

Washington – Today, Rep. Mike Thompson (CA-05) released the following statement on his vote against repealing the Dodd-Frank Wall Street Reform and Consumer Protection Act:

“We saw what happened when Wall Street was allowed to gamble with Americans’ money before, and the result was the worst financial crisis since the Great Depression. People lost their savings, their homes, their retirement accounts, everything. Congress passed Dodd-Frank in the wake of 2008 to protect hardworking families. Repealing these protections leaves everyday Americans at risk again. We cannot let folks lose their livelihoods again. That’s why I voted against the repeal of Dodd-Frank, and why I’ll continue to oppose any measure aimed at undermining consumer protections for the middle class.”

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