Legislation Quote by Bernie Sanders
“Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.”
About This Quote
Source Speech: Democratic National Convention, 2016
Regulatory frameworks were dismantled in the late 1990s, causing market excesses; they must be rebuilt to protect consumers.
In simple terms: We need to restore regulations removed in 1999.
Reinstate strong financial safeguards.
Themes
Mood
Type
When to use this quote
- banking reforms
- legislative hearings
- public advocacy
Key Concepts
Questions to Reflect On
- What balance should be struck between regulation and growth?
- Who benefits most from tighter rules?
Regulation can stifle innovation if overly rigid.