Enzi slams big brother super agency

Washington, DC As the Senate continued its third week of debating financial regulatory reform, US Senator Mike Enzi, R-Wyo., pushed for changes that would keep big brother out of our lives. In a floor speech to his colleagues he touted protecting consumers without requiring a new unchecked federal super agency to meddle in every day financial interactions. The federal government should not be involved in our daily lives and everyday decisions. The proposed bill opens the flood gates of government involvement. The federal government would be telling us how we could spend our money, how we save for the future and by making decisions for us, would truly limit financial markets to the point of economic decline. The federal government should not operate with the belief that it is protecting us from ourselves, said Enzi. What is really important for the public to know is that this bill could protect people, but it could also potentially go ten steps further and take away some of their decision-making power and transfer it to the federal government. For example, as the bill stands, it is so overreaching and ambiguous in areas — it could impact everyday purchases for most Americans. S. 3217, the Restoring American Financial Stability Act of 2010, as currently written would regulate consumer financial products or services as well as service providers. This ambiguous language could penalize anyone who buys or sells something on an installment plan. It could also affect any local …
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