Finance Reform Bill: Waxman Slips Anti-Supplement Measure Into
With the passage of Dodd’s Finance Reform Bill, any company can be initimidated by political bureaucrats who can declare a company a financial institution. Once they have been desiginated a financial institution they can then be targeted for closure.
Companies will not be allowed a day in bankruptcy court or any other court.
Not only that, but Democrat Senator Henry Waxman of California inserted language in the bill which will probably be a boom to pharmeceutical companies.
“The Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173), recently passed in the House of Representatives, includes language going far beyond finance inserted by Congressman Henry Waxman (D-CA). This language could be used for an end run around the Dietary Supplement Health and Education Act (DSHEA), the legislation that governs dietary supplement regulation by the FDA.”
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