Logo_NVDems-refreshgold 22-02

Heller Votes to Roll Back Key Wall Street Reform Rules At the Expense of Nevada Families

Republican Sen. Dean Heller just voted for the Bank Lobbyist Act – a bill to unravel key parts of Wall Street reform designed to ensure accountability and prevent another devastating financial crash like the one that wrecked Nevada’s economy a decade ago. In the aftermath of the Great Recession, Nevada led the nation in unemployment, foreclosures and underwater homes.

Over the course of his career as a Washington politician, Sen. Heller has taken nearly $4 million in campaign cash from the financial sector: insurance companies, securities and investment firms, real estate interests and commercial banks. Heller is among the top recipients of commercial bank donations in the Senate for the 2018 cycle.

Of course, this is hardly the first time Sen. Heller sided with Wall Street over regular Nevada families:

  • Heller voted against Wall Street reform in 2010 and fought to repeal it
  • Heller cast the deciding vote to block consumers from being able to sue big financial institutions, handing Big Banks a huge victory
  • Heller wrote and helped pass a massive corporate tax cut that made the Big Banks rejoice
  • Heller voted to confirm Wall Street millionaire and “Foreclosure King” Steven Mnuchin as President Trump’s Treasury Secretary

Nevada Democratic State Party spokesperson Sarah Abel released the following statement on Heller’s vote:

“Nevada knows all too well the damage that the Big Banks can do to our economy without strong Wall Street reform rules in place. But instead of working to ensure another financial crash never happens, Sen. Heller has decided to help out the bank lobbyists who fill his campaign coffers. Nevada families can’t afford another recession, and they can’t afford an opportunistic senator who puts his donors ahead of Nevada’s economy.”