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May 11, 2010 | federal legislation, industry | Comments (0)From the Inside-the-Beltway subscription newsletter BNA:
The Senate May 11 will again take up the Restoring American Financial Stability Act of 2010 (S. 3217) as a multitude of amendments await action, including calls for more limits on proprietary trading and a proposal, backed by Federal Deposit Insurance Corporation Chairman Sheila Bair, for tougher capital standards.
Senators are expected to lead off with action on an amendment by Sen. John McCain (R-Ariz.) that would end government ownership of Fannie Mae and Freddie Mac in two years, likely followed by a vote on a modified amendment by Sen. Bernard Sanders (I-Vt.) on audits of the Federal Reserve Board.
The McCain amendment on government-sponsored enterprises is expected to fail.
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