Press Releases

Frank Statement on the Financial Crisis Responsibility Fee

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Washington, DC, January 14, 2010 | comments

Today, House Financial Services Committee Chairman Barney Frank (D-MA) released the following statement on President Obama’s proposal of the Financial Crisis Responsibility Fee:

“President Obama’s action today complies fully with the taxpayer protection language of the original TARP bill. His decision to do this before 2013 is a good one because there is no need to wait. In fact, the TARP program has been both more successful and less expensive than many critics feared and that allows us to move quickly now to repay the American taxpayer. I strongly support this proposal, and I am confident that the Committee on Ways and Means will be acting on it soon.”

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