Senate Proceeding on May 14th, 2009 :: 7:09:20 to 7:12:00
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7:09:20 to 7:09:43( Edit History Discussion )

Maria Cantwell: made. i say i hope the administration's new policy will become a turning point because we have more work to do to make sure that these concepts become law. the treasury department announcement was not a piece of legislation. but, rather, a policy outline, a statement of the kind of the white house would support.

7:09:20 to 7:12:00( Edit History Discussion )
Speech By: Maria Cantwell

7:09:44 to 7:10:04( Edit History Discussion )

Maria Cantwell: it is now up to us in congress to turn this into law. i am committed to working with the senate leadership to ensure that the resulting closes loopholes and that we get about making sure that the previously poorly designed controls are eliminated. where necessary, we must be

7:10:05 to 7:10:28( Edit History Discussion )

Maria Cantwell: willing to go even further than the administration in crafting a bill that puts an end to dest of speculation but i applaud bold positions outlined in the treasury secretary's letter to house and senate leadership yesterday. the idea here is not to impose regulation for regulation's

7:10:29 to 7:10:49( Edit History Discussion )

Maria Cantwell: sake; the idea is to protect american people from the consequences of unrestrained speculation. our state whens ar constituents are angry after seeing their millions in savings disappear while others float away on

7:10:50 to 7:11:11( Edit History Discussion )

Maria Cantwell: wall interests will have a lot to say on regulatory reforms and they should say it to the average american who have been taking a financial crisis over the past year. our obligation is not to the speculators, it is to the people who work hard, whose ingenuity and extraordinary productivity

7:11:12 to 7:11:36( Edit History Discussion )

Maria Cantwell: have provided the lift that has made our economy the envy of the world. it is now our time to do our job to put in the robust reforms that pay off in the days ahead. i thank the cha. i thank the president. i

7:11:37 to 7:11:52( Edit History Discussion )

Maria Cantwell: statement and the of the record. the presiding officer: without objection, so ordered. ms. cantwell: i president and i suggest the absence of a quorum. the presiding officer: the clerk will call the roll.