Sen. Chris Dodd’s (D-Conn.) bill overhauling the regulation of banks and financial firms has passed, 59 to 39. In short, the bill makes the financial system stronger by giving the Federal Reserve and new regulatory agencies — including the Consumer Financial Protection Agency and a systemic oversight council — the More…
This afternoon, the Senate voted to end debate on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill, 60 to 40. Today or tomorrow, the Senate will take a final vote on the bill, which will almost certainly pass. But what happens until then? After then? What about all those More…
There are three amendments to watch today before Sen. Harry Reid (D-Nev.) calls another vote to end debate of Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill.
The first is Sens. Jeff Merkley (D-Ore.) and Carl Levin’s (D-Mich.) bill strengthening the Volcker Rule, which would force banks to separate their More…
During health care reform, senators strengthened and hammered out the bill in committee before it hit the floor. This go-around, Sen. Chris Dodd (D-Conn.) decided to pass the bill through the Banking Committee on a party-line vote (the vote took all of 20 minutes) and to allow a substantive amendment More…
In a surprise, Senate Majority Leader Harry Reid (D-Nev.) decided to call today’s vote to end debate on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. It is ongoing now, and will likely fail. Update shortly.
There’s a ton of last-minute changes currently happening to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. Below are my updates on the most important ones.
First: No cloture vote at 2 p.m. The Senate will vote on amendments instead, and the bill will still be up for debate. Notably, More…
Today, at 2 p.m., the Senate will vote on Sen. Harry Reid’s (D-Nev.) motion to invoke cloture on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. The 60-vote-hurdle cloture motion, if it passes, would end debate on the bill and in 30 hours — after 8 p.m. on Thursday — More…
On Monday, with Sen. Harry Reid (D-Nev.) promising a final vote on financial regulatory reform in the next few days, rather than weeks, thousands descended on K Street in Washington, D.C., to lobby the lobbyists.
[Economy1] The union giants SEIU and AFL-CIO as well as community organizing umbrella group National More…
Damian Paletta at The Wall Street Journal reports that Senate Majority Leader Harry Reid (D-Nev.) is “likely” to file cloture on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill today. That means the Senate could vote on the bill as soon as Wednesday.
I think this assessment is slightly More…
Brian Beutler at Talking Points Memo reports that Democrats plan to hold off on altering Sen. Blanche Lincoln’s (D-Ark.) derivatives language until after her primary challenge on Tuesday.
Democrats reportedly want to weaken or strike Lincoln’s provision to force banks to spin off their derivatives desks. Everyone from Sen. More…
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