ATA hails passage of final Wall street reform bill
15-Jul-2010 The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today hailed the Senate’s final passage of the Restoring American Financial Stability Act of 2010, a comprehensive financial- and commodities-reform bill.
"We applaud the Senate's action, particularly Sen. Blanche Lincoln's outstanding leadership, which will close the door on Wall Street's high-risk gambling and unchecked commodities speculation that led to sky-high fuel prices," said ATA President and CEO James C. May. "Energy prices should be determined by supply and demand, not manipulation and secretive trading by investment banks."
"With President Obama's quick signature, Main Street America will no longer suffer at the hands of Wall Street," May said. "We also want to thank Stop Oil Speculation Now (S.O.S. Now) coalition members, and recognize the unwavering support of its grassroots activists who, over the past two years, have sent nearly two million messages to Congress and the Commodity Futures Trading Commission."
ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. For additional industry information, visit www.airlines.org.