03/19/2010 - Two key Republican senators said Thursday that the bill introduced this week by Sen. Christopher J. Dodd (D-Conn.) to overhaul financial regulation is headed for a strict party-line vote in the Senate banking committee unless the measure undergoes significant amendments during debate next week.
"This next week, in essence, is going to be a partisan markup," said Sen. Bob Corker (Tenn.), who had emerged in recent weeks as the main Republican negotiator before Dodd decided to proceed alone.
"He was losing Democrats on the left [and] had no assurances as to Republicans he might pick up in the committee," and so he put forward a bill that "took a left turn," Corker said in remarks to the Pew Financial Reform Project. "One of the benefits is that I sort of know where he was willing to go, and hopefully we'll get back to that.
Read the entire article Financial Reform Bill Headed to Party-line Vote on the Washington Post Web site.
Pew is no longer active in this line of work, but for more information, visit the main Pew Financial Reform page.