Financial Reform Bill Headed to Party-line Vote

Publication: The Washington Post

Author: Brady Dennis


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.

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"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Pew is no longer active in this line of work, but for more information, visit the main Pew Financial Reform page.

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