U.S. Chamber: Congress Must Act ?Quickly, Decisively, and Responsibly? To Address Financial Crisis

WASHINGTON, D.C.—U.S. Chamber of Commerce Executive Vice President for Government Affairs R. Bruce Josten issued the following statement on the need to quickly pass bipartisan legislation to prevent a systemic collapse of our financial system:

"Make no mistake—if Congress does not act quickly, decisively, and responsibly to prevent a total freeze up of our financial system, the entire economy could collapse with devastating consequences. Without a doubt, it would be the greatest financial calamity since the Great Depression, impacting consumers and small and large businesses alike.

"The current legislation must not become a vehicle to advance pet interests, completely overhaul the financial regulatory system, or exact revenge against those believed to have gotten us into this mess. All of those issues can, should, and must be addressed—but not now. Now we must put partisan differences aside to save our economy. There can be no further delay."

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

www.uschamber.com

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