Skip to main content

House Financial Services Committee Passes Wagner Legislation

September 30, 2015

WASHINGTON, D.C. – The House Financial Services Committee today voted and passed Congresswoman Ann Wagner's signature legislation protecting low- and middle-income savers, the Retail Investor Protection Act, or RIPA. With a vote of 34-25, the bill will now be scheduled for a vote on the House floor, where it is expected to pass.

‎"I'm grateful for my colleagues on the Financial Services Committee who joined me today in protecting the millions of low- and middle-income Americans from the Administration's latest power grab. Preserving access to sound investment advice for hardworking families is something I believe in and will continue to fight for, and I look forward to seeing this bipartisan bill on the House floor soon," Rep. Wagner said. "To the pen-pals and panderers who supported this legislation in the past but are now siding with President Obama and Elizabeth Warren, shame on you! Putting politics ahead of the best interests of millions of Americans is wrong and, frankly, it's offensive to tell the American people you don't trust them with their hard-earned savings."

# # #

Earlier today, the Financial Services Committee held a markup for RIPA, in which Rep. Wagner spoke on her legislation. Here is a link for a video of her statement today: https://www.youtube.com/watch?v=uTwEuezMYrw&feature=youtu.be