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Public Statements

Swap Jurisdiction Certainty Act

Floor Speech

Location: Washington, DC

Mr. CUMMINGS. Mr. Speaker, yesterday I voted ``yes'' in error for the Swap Jurisdiction Certainty Act. As I stated in a dear colleague with fellow members, this bill will ``undermine our financial regulators' efforts to regulate cross-border derivatives . . . putting our financial markets and economy at risk and undermining one of the most important provisions of Wall Street Reform.'' I stand firm with 124 of my colleagues who voted against this harmful legislation and will continue to fight for sensible policies that will prevent the kind of reckless gambling by our financial institutions that led us to the brink of economic catastrophe.

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