NEW YORK, July 2 /PRNewswire/ -- Merrill Lynch Chairman and CEO David H.
Komansky today issued the following statement:
"With passage of H.R. 10 by a substantial majority in the House of
Representatives, Congress is now on the threshold of enacting historic reform
that has eluded it for more than two decades. Both the House and the Senate
are to be commended for the landmark progress they've made in the current
session.
"We now call upon the House and Senate to resolve their few remaining
differences and enact a framework for financial services regulation
appropriate for the 21st Century -- one that gives consumers greater choice,
convenience and economy, and assures that the U.S. financial services industry
can compete on a level playing field in the global marketplace."
SOURCE Merrill Lynch & Co., Inc.
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CONTACT:
James R. Wiggins of Merrill Lynch & Co.,
Inc., 212-449-7280, jwiggins@exchange.ml.com
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