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

"The Forum commends the Senate for its swift approval of this thoughtful, bipartisan plan to address the current financial crisis. We applaud the Senators who supported this measure to protect the jobs, savings and homes of American workers, and whose actions will help revive the cardiovascular system of our economy and restart the flow of the capital that is critical to growth and job creation. This legislation 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 were becoming increasingly difficult and more expensive as credit markets deteriorated.

"We believe this legislation should be enacted at the earliest possible time in order to restore market stability and increase credit availability for Americans. Now, we urge members of the House of Representatives to pass this legislation to help put the U.S. economy on the road to recovery and economic growth, and to restore confidence in our economy."