Financial Services Roundtable
On 20 September 2012, Pawlenty's advisor Brian McClung announced to Associated Press that Pawlenty would resign as the co-chairman of Mitt Romney's electoral campaign. He was to head the Financial Services Roundtable (FSR), a financial service industry lobby group in Washington, D.C. He would not be running in the 2014 gubernatorial election in Minnesota nor in the state's 2014 senatorial election. He assumed the positions of President & CEO. He replaced Steve Bartlett, a former U.S. Representative from Texas who had held the positions since 1999.
In November 2012, Pawlenty said that "Republicans and Democrats will have to reconcile their differences on spending and taxes because the 'walls of reality are closing in on them'" relative to the federal government's looming "fiscal cliff". Presenting himself as not from Wall Street or from Washington and, having previously criticized “entrenched financial interests”, he said he could "bring a fresh and new voice to those debates”. He also "refuted assertions that implementation of the Dodd-Frank Act, legislation enacted roughly 27 months in response to the financial crisis, ha been delayed because of lobbying".
Read more about this topic: Tim Pawlenty
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