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June 29, 2010 | federal legislation, industry | Comments (1)

The conference is reopening.  (This will NOT affect us.)  From Politico

In an extraordinary move aimed at winning over reluctant Republican senators, the top Democratic negotiators on the Wall Street reform bill will reopen the conference committee Tuesday to swap out a controversial $19 billion tax on big banks, according to House and Senate aides.

 The unusual development points to deepening troubles for Democrats in their push to finish the bill before the July 4 recess. The death Monday of Sen. Robert Byrd (D-W.V.) and the decision by Sen. Scott Brown (R-Mass.) to oppose the bill unless the tax was removed left Democrats several votes shy of Senate passage.

 Other key Senate Republican holdouts — Susan Collins of Maine, Olympia Snowe of Maine and Chuck Grassley of Iowa — also expressed concern with the tax, saying they were surprised to learn that it was added early Friday morning during an all-night committee meeting.

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Comments»

1. Al - June 29, 2010

Huffington post is bashing you guys …and link to you too
p://www.huffingtonpost.com/gary-rivlin/payday-lenders-exit-arizo_b_630216.html