Congressman Tom Price (R-GA) issued the following statement regarding the final version of the Democrats’ Permanent Bailout Bill on which the House and Senate will likely vote next week.

“The need for financial reform is clear, but we need changes that actually solve the root causes of the financial crisis,” said Congressman Price. “After a year of debate, Democrats have crafted a bill that fails to address the origins of the crisis and will not prevent a replay of events in the future. If this bill becomes law, bailouts and too-big-to-fail will become institutionalized and continue to block healthy competition and growth in the private sector. Meanwhile, the unintended consequences of so-called consumer protections will deny access to credit for families and entrepreneurs. It is a recipe for fewer job opportunities and more financial meltdowns. House Republicans offered a far stronger solution a year ago, which would have addressed the real problems in the financial services sector.”