This weekend, I’m traveling to Toronto to meet with members of the G20. There, I hope we can build on the progress we made at last year’s G20 summits by coordinating our global financial reform efforts to make sure a crisis like the one from which we are still recovering never happens again. We’ve made great progress toward passing such reform here at home. As I speak, we are on the cusp（尖头，尖端） of enacting（颁布，制定法律） the toughest financial reforms since the Great Depression.I don’t have to tell you why these reforms are so important. We’re still digging ourselves out of an economic crisis that happened largely because there wasn’t strong enough oversight（监督，疏忽） on Wall Street. We can’t build a strong economy in America over the long-run without ending this status quo（现状） , and laying a new foundation for growth and prosperity.That’s what the Wall Street reforms currently making their way through Congress will help us do – reforms that represent 90% of what I proposed when I took up this fight. We’ll put in place the strongest consumer financial protections in American history, and create an independent agency with an independent director and an independent budget（预算） to enforce them.Credit card companies will no longer be able to mislead you with pages and pages of fine print（难懂的条文，极小的字体） . You will no longer be subject to all kinds of hidden fees and penalties（处罚，点球） , or the predatory（掠夺的，食肉的） practices of unscrupulous（肆无忌惮的，寡廉鲜耻的） lenders.Instead, we’ll make sure credit card companies and mortgage companies（抵押放款公司） play by the rules. And you’ll be empowered with easy-to-understand forms, and the clear and concise（简明的） information you need to make the financial decisions that are best for you and your family.Wall Street reform will also strengthen our economy in a number of other ways. We’ll make our financial system more transparent by bringing the kinds of complex trades that helped trigger this crisis – trades in a $600 trillion derivatives market（衍生产品市场） – finally into the light of day.We’ll enact what’s called the Volcker Rule to make sure banks protected by a safety net like the FDIC can’t engage in risky trades for their own profit. We’ll create what’s called a resolution authority to help wind down firms whose collapse would threaten our entire financial system. Put simply, we’ll end the days of taxpayer-funded bailouts, and help make sure Main Street is never again held responsible for Wall Street’s mistakes.Beyond these reforms, we also need to address another piece of unfinished business. We need to impose a fee on the banks that were the biggest beneficiaries（受益人） of taxpayer assistance at the height of our financial crisis – so we can recover every dime of taxpayer money.Getting this far on Wall Street reform hasn’t been easy. There are those who’ve fought tooth and nail（猛烈作战） to preserve the status quo（现状） . In recent months, they’ve spent millions of dollars and hired an army of lobbyists to stop reform dead in its tracks.But because we refused to back down（放弃，让步） , and kept fighting, we now stand on the verge of victory. And I urge Congress to take us over the finish line, and send me a reform bill I can sign into law, so we can empower our people with consumer protections, and help prevent a financial crisis like this from ever happening again.
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