Exhausted thinking about it
May 19, 2010 | federal legislation, industry | Comments (0)As this article points out, there will be a House/Senate conference after the Senate passes its bill to iron out the differences. From the story:
Lobbyists say the election-year atmosphere now dominating Capitol Hill has allowed the Senate to attach increasingly radical amendments to its version of the bill.
But the financial industry still hopes its hired guns can exploit key differences in the Senate and House versions of the legislation to water down provisions threatening to squeeze Wall Street profits.
In recent days, the Senate has delivered a series of blows to lobbyist efforts and is looking increasingly likely to adopt some form of the Volcker rule, which banks oppose because it could prevent them from pursuing lucrative, even if risky, trades on their own accounts.
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