• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

No FinReg Cloture Vote Today; Dodd Withdraws Punt on Derivatives

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, this means that senators can propose and get votes on new amendments, not just secondary or already-offered ones.

Second: Dodd says that he will withdraw his amendment pushing off consideration of Sen. Blanche Lincoln’s (D-Ark.) derivatives language for two years. If adopted, Lincoln’s proposal would go into effect as written.

Third: Read Mike Konczal for an explanation of Sens. Jeff Merkley (D-Ore.) and Carl Levin’s (D-Mich.) amendment on the Volcker Rule. The Dodd bill as-is punts on the question of forcing banks to break up commercial and investment banking functions, though a broad swath of economists, public policy scholars and market experts believe it is one of the better ways to keep banking safe. The Merkley-Levin amendment would more quickly institute a stronger version. Initially, it seemed the amendment would not come up for a vote due to some parliamentary procedural politicking yesterday. (See David Dayen for a run-down.)

Now, Merkley and Levin have tacked their amendment onto Sen. Sam Brownback’s (R-Kans.) amendment exempting automakers from Consumer Financial Protection Agency rulings — basically forcing a vote on their amendment. (Since the cloture vote will not happen today, though, I wonder if Merkley and Levin will not attempt to reapply it as a primary stand-alone amendment.)

Finally: Watch the floor debate live below, courtesy of the Sunlight Foundation:

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.