Uncertainty
July 12, 2010 | federal legislation, industry | Comments (0)From Congressional Quarterly:
Senate Democrats hope to give final approval to financial services overhaul legislation this week, but the path to securing the necessary 60 votes remains rocky.
Democratic leaders had planned to use the July recess to chart a strategy for navigating the bill’s conference report (HR 4173 — H Rept 111-517) through the Senate, but they have not secured the 60 votes needed to move it, so Majority Leader Harry Reid, D-Nev., must quickly collect the votes beginning Monday, or his party’s plan to consider the legislation this week will have to slip.
“It’s not absolutely certain that the Senate will take the conference report up this week,” said Bert Ely, an independent financial policy analyst.
I’ll stay on top of it.
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