It will be a Dem bill in the Senate
November 5, 2009 | alternatives, federal legislation, industry | Comments (0)From the story:
Senate Banking Committee Chairman Christopher Dodd said he will unveil legislation next week to overhaul regulation of U.S. financial markets without Republican support after failing to reach a compromise.
“I’ve certainly been reaching out, and they know that, to try to develop a consensus bill,” Dodd, a Connecticut Democrat, told reporters today in Washington. “My intention is to go forward. This is an area that demands our attention.”
Dodd said his committee will meet in the coming weeks to consider changes in the draft measure and then vote. He said he will include the Obama administration’s plan to create a Consumer Financial Protection Agency, which Republicans oppose. He declined to offer other details about his legislation.
Comments»
No comments yet.