Honorable Paul Wellstone
United States Senator, Minnesota, Democrat
Senator Wellstone was first elected to the U.S. Senate in1990. He was a Professor at Carleton College from 1969 to 1990.He serves on the following committees: Foreign Relations; Health,Education, Labor, and Pensions; Indian Affairs; Small Business;and Veterans’ Affairs. The following is from the May 4, 1999,Senate floor debate on S. 900, the Financial Services ModernizationAct.I rise in strong opposition to the Financial Services ModernizationAct of 1999. This bill would aggravate a trend toward economicconcentration that endangers not only our economy, but our democracy.S. 900 would make it easier for banks, securities firms, insurancecompanies, and, in some cases, commercial firms to…
