The timing of the CFPA bill
January 13, 2010 | federal legislation, industry | Comments (0)From today’s Politico:
His announcement not to seek reelection not even a week old, Sen. Chris Dodd (D-Conn.) says he’d still like to get a financial reform bill ready for committee consideration by the end of the month.
Not many people following the issue believe that’s realistic.
“I don’t think this is on the fast track,” said one financial services lobbyist. “But it is on the track.”
In short, it seems no one really knows — even those inside the meetings grinding away on the legislation — what the timeline for the Senate bill might be. But the consensus among industry players remains that the political stars are aligned and that Dodd, chairman of the Senate Banking Committee, and its ranking Republican, Alabama Sen. Richard Shelby, stand a very good chance of producing a bipartisan bill.
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