“Murky”
March 24, 2010 | federal legislation, industry | Comments (0)That’s how Politico describes the fate of financial reform in the Senate. From the story:
It took only 21 minutes for Democrats to approve a 1,336-page financial reform bill Monday, in a committee vote that drew zero Republican support.
It’s going to take quite a while longer for the bill’s next step to become clear.
Democrats are hoping to turn to financial reregulation as their next major agenda item once they wrap up health care reform. But despite the financial reform bill’s progress out of committee Monday night, just how Senate Banking Committee Chairman Chris Dodd gains the Republican support he needs — without losing his left flank — remains as murky as ever.
Both sides said they still hope to hammer out a bipartisan bill before the legislation comes to a floor vote. And Democrats need those talks to yield results, since they are one vote shy of the 60 needed to overcome a filibuster.
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