Toomey: Gensler Should Work to Achieve Bipartisan Consensus

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) issued the following statement on the Securities and Exchange Commission’s (SEC) rulemakings released today.

“Today’s actions by Chairman Gensler on money market funds, stock buybacks, and security based swaps are a partisan overreach that will likely diminish investment opportunities, economic growth, and capital formation. Chairman Gensler should work with all of his colleagues to achieve bipartisan consensus on sensible investor protection proposals.”

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