The United States House of Representatives voted Friday, 223 to 202, to pass the Wall Street Reform and Consumer Protection Act, H.R. 4173. Congressman Bilbray released the following statement:
“Spending in Washington is out of control, and taxpayers need protection from congressional leaders who have no problem bailing out Wall Street to the tune of $787 billion, or passing an ill-fated Stimulus plan that cost $700 billion, or watching AIG bonuses climb into the millions, or the billions that went to Detroit’s automakers. I voted against bailing out Wall Street before, and I am proud to have voted against H.R. 4173.
Further, this bill hands even more control of our economy over to the federal government while making it tougher for local businesses to create jobs. When San Diego has 10.5 percent unemployment, our focus should be on job creation in the private sector, not creating an even bigger government than we already have.”