WASHINGTON, D.C. – The Financial Services Forum’s President and COO Rob Nichols released the following statement in response to the U.S. House of Representatives Vote on the Emergency Economic Stabilization Act of 2008:

"The Forum commends the U.S. House for its passage of this thoughtful and much-needed bipartisan plan to address the current financial crisis facing Americans. I especially commend those members who previously voted no, but upon further consideration, supported the measure to protect the jobs, savings, and homes of American workers.

"This legislation will help revive the cardiovascular system of our economy and restart the flow of the capital that is critical to growth and job creation. It will help Americans start or expand a business, meet a payroll, buy a home or a car, or send their children to college – activities that are becoming increasingly difficult, and more expensive – as credit markets continue to deteriorate.

"I applaud the leadership of House Financial Services Chairman Barney Frank, Minority Whip Roy Blunt, and other House leaders for their tireless, bipartisan efforts to help put the U.S economy on the road to recovery and economic growth.

"We look forward to President Bush signing this bill and urge swift implementation of this plan in order to restore market stability and increase credit availability for Americans."