So, what’s next?
May 18, 2010 | federal legislation, industry | Comments (0)From Politico:
Senate Majority Leader Harry Reid (D-Nev.) moved Monday to close down debate on a sweeping Wall Street reform bill, setting up a key test for Wednesday and final passage by the end of the week.
Facing a packed legislative docket and a short calendar, Reid warned Republicans that he would not allow the financial regulatory reform debate to drag out much longer. But he also acknowledged that Republicans hold some leverage over the timetable, as the top GOP negotiator appears in no rush to seal an agreement with Banking Committee Chairman Chris Dodd (D-Conn.) on a catchall package known as a manager’s amendment.
“This cannot be delayed any longer,” Reid said of the bill. “The time has come to begin work sending this to conference, so we can have a bill go to the president.”
Reid will need to round up support from at least 60 senators Wednesday to break a filibuster, a hurdle that the Senate leadership expects to reach despite threats from some rank-and-file members to withhold support until certain amendments receive votes.
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