Last week, Sens. Sherrod Brown (D-Ohio) and David Vitter (R-La.) showed that they stand with Main Street America by filing a bill that does something real and meaningful about the anti-free-market government policies that have taken root in this nation in the form of “too big to fail” and “too big to jail.” And standing right with them is Sen. Jeff Sessions (R-Ala.), another Main Street hero who is standing up for true free market capitalism, a free market economy, and this nation’s Main Street banks and small businesses.
By cosponsoring S. 798, the TBTF Act, these senators are making a statement that they will not be bullied or intimidated by those whose interests are to keep our nation’s free markets anything but free. Like Teddy Roosevelt, who busted up the power of the trusts a century ago, these senators understand that markets run by oligopolies are not really free. So when others were intimidated, they stood up to the big money oligarchs and demanded that they put their own capital at risk, not the taxpayers. Capitalism is about capital—not taxpayer subsidies.
Sen. Sessions stood tall last week with Main Street heroes Sens. Brown and Vitter to say enough is enough. ICBA and the 7,000 community banks we represent nationwide witnessed who the true Main Street heroes are in the U.S. Senate. We urge all senators to stand with Main Street America and support S. 798.