The Washington Independent
The Washington Independent

166 Changes: Gearing Up for FinReg Amendment Process

Last updated: July 31, 2020 | May 04, 2010 | Tom Mohamed

This week, senators will start formally considering amendments to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. Already, Sen. Barbara Boxer (D-Calif.) has introduced an amendment, mostly symbolic, to “prohibit taxpayers from ever having to bail out the financial sector.”

And there are dozens of other amendments proposed and under consideration — 166 changes to the text in all. (Follow this link, then click on each hyperlink to view proposed amended text.)

So what will the Senate be considering first?

(The formal debate of amendments may start today but could also kick off later this week, depending.) A popular proposal to provide a formal audit of the Federal Reserve by Sen. Bernie Sanders (I-Vt.) might be up as early as today, despite White House opposition to the proposal. Additionally, Senate Republicans are planning to propose further changes to the new Consumer Financial Protection Agency — one of the last sticking points in bringing the GOP around to supporting the bill and a major point of negotiation.

Tom Mohamed | I understand and respect the confidence my clients put in me as a Colorado native and seasoned real estate professional, and I strive to meet their standards every day. For over 11 years, I have been a top producer. Prior to joining the real estate industry, I served in the US Army Infantry, including several tours in Iraq and Kuwait. These experiences taught me the discipline needed to create Colorado's most powerful real estate team.

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