FOR IMMEDIATE RELEASE                                 CONTACT: Jen Scungio 

August 2, 2011                                                                     (202) 457-8759

FORUM CEO STATEMENT ON PASSAGE OF DEBT LEGISLATION

WASHINGTON, D.C. – Financial Services Forum President and CEO Rob Nichols released the following statement on the final passage of the bipartisan debt deal legislation: 

“We commend the Members of this Congress and the Administration for working together to find a compromise and pass the bipartisan legislation of the “Budget Control Act of 2011.”  

The congressional bipartisanship involved with reaching this framework will set our nation on a path to restoring market confidence while putting ourselves on a course toward long-lasting fiscal responsibility.  This agreement will avoid the consequences of an unnecessary default on the nation’s obligations and is an important step towards a sustainable fiscal future.”

The Financial Services Forum is an economic and financial policy organization comprised of 20 chief executive officers of the largest and most diversified financial institutions with business operations in the United States. The Forum’s purpose is to promote policies that enhance savings and investment in the United States, and that ensure an open, competitive, and sound financial services marketplace. 

Follow the Forum on Twitter: http://twitter.com/fsforum

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