Reps. Fossella And Sessions Meet With Dallas Financial Leaders As Part Of Task Force on Capital Markets And U.S. Competitiveness - Fossella Continues Field Meetings To Develop Legislative Recommendations For Reform
Congressman Vito Fossella’s (R-NY13) most recent field meeting of his Task Force on ways to enhance the competitiveness of the U.S. capital markets, which was held this past Monday in Dallas, Texas, focused primarily on the issue of regulatory reform. Joining Fossella at the meetings was Congressman Pete Sessions (R-TX32), a member of the Task Force and the House Financial Services Committee.Read about Vito Fossella at Veto Fossella, a site "...dedicated to exposing Rep. Vito Fossella's (R-NY13) Congressional record. His Congressional district, NY-13 is made up of Staten Island and the Bay Ridge, Dyker Heights, Bensonhurst and Gravesend neighborhoods of Brooklyn. Our sympathies if he is your Representative."
Fossella, who serves as Chairman of the “Capital Markets, Economic and Information Security” Task Force under the House Republican Policy Committee, met with members of the Dallas Security Traders Association and others to discuss regulatory improvements to enhance market efficiencies, liquidity and capital formation.
Fossella said, “Dallas is a growing center of the financial and energy markets within the United States and internationally. Our meetings in Dallas helped us gain a unique perspective on the issues affecting the competitiveness of the U.S. markets. As an integral link between investors and the marketplace, the Dallas-area securities traders provided valuable input about ways in which we can modernize and improve regulation of the markets to enhance innovation and efficiency. Strong and competitive capital markets equal economic growth – both in Dallas and across the country.”
Sessions said, “The financial securities industry is vital to the economy of Dallas and to the United States. I believe that Congress has the responsibility to ensure that capital markets are free from burdensome government regulation and frivolous litigation, which will encourage increased capital formation, job creation, and global competitiveness in America. I welcome Congressman Fossella’s visit to Dallas to hear from participants from across the securities industry, and I thank him for his continued interest in working on these important issues.”