Washington, D.C. - Senator Pat Toomey (R-Pa.) issued the following statement regarding the Treasury report issued on Core Principles for Regulating the U.S. Financial System:

"Reforming the unaccountable CFPB and reducing stifling regulations on lenders, such as the ill-conceived leveraged lending rule, are good first steps. Together, these reforms will help increase the availability of credit, get the economy moving, and protect American taxpayers from ever again having to foot the bill for another bailout. I look forward to working with my colleagues on additional reforms to undo the economic damage caused by the Dodd-Frank law."