Omaha Public Radio News
10:23 am
Wed July 14, 2010

Sen. Ben Nelson says he'll support financial reform bill

Omaha, NE – Nebraska Senator Ben Nelson says he'll support the financial reform bill.

Senator Nelson expects a vote to happen Wednesday in the U.S. Senate. The bill would implement new consumer protections as well as regulations on large financial institutions. "Nebraska taxpayers have already been asked to bail out banks," Nelson says, "and now we need to protect them from future abuses by Wall Street that has already cost thousands of Nebraskans and millions of Americans their jobs, savings, and financial security."

Nelson says he doesn't believe the financial reform bill, if it becomes law, will impact the state's small banks.

The U.S. House passed the financial reform bill in late June.

Nelson's comments came Wednesday during his weekly conference call with reporters.