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This past week, Congress made historic and steady progress in our efforts to enact health insurance reform legislation that provides access to quality, affordable health care to all Americans. While the House continued our work to merge the bills that have passed out of our committees, the Senate Finance Committee is readying for a vote on its bill next week to be the fifth and final Congressional committee to pass a reform bill. With both the House and Senate making good progress, it is my hope that it won't be long before we can bring bills to the Floor of each chamber for a vote.
This week, the House also passed the National Defense Authorization Act, which authorizes investments in resources that keep Americans safe, support our service members, protect our national interests, and eliminate waste, fraud, and abuse in the contracting process. This legislation is a serious effort to reprioritize our defense spending to focus on the immediate threats our nation and our troops face.
Next week, in addition to our work on health insurance reform, the House Financial Services Committee will begin marking up financial regulatory reform legislation. This legislation begins the process of modernizing our financial system so that we restore responsibility and accountability to the system to protect American consumers and prevent the irresponsible behaviors and practices that contributed to the financial crisis last Fall.
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