Wall Street reform: Senate is ready
April 19th, 2010 admin
With a weekend push from President Obama and the SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill.
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Several sticking points need to be hammered out if Senate leaders are to succeed in bringing a compromise Wall Street reform bill to the floor this week.
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President Obama will ask the Wall Street community that he wants to reform to join in his effort.
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Senators are expected to start voting Wednesday on changes to a Wall Street reform bill that has been more than a year in the making.
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After months of negotiation and debate, far-reaching legislation to overhaul the rules of Wall Street failed a key test vote in the Senate on Wednesday, casting a shadow over Democratic efforts to push the effort forward.
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With one week down and one week to go on negotiations melding the two Wall Street reform bills, lawmakers have a lot of tough decisions ahead.
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Now that Wall Street reform has passed both chambers of Congress, the next step for lawmakers is to work out the differences.
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Retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees issuers levy every time a buyer pays with a debit card.
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President Barack Obama blasted Senate Republicans on Monday for blocking a small business assistance bill, calling their opposition “pure partisan politics.”
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Tired lawmakers worked into the early hours of Friday to meld two different versions of Wall Street reform.
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The Senate on Wednesday approved a wide-ranging bill that would push back the deadline to file for extended unemployment insurance until year-end and extends dozens of expired tax breaks.
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