Archive

Archive for April, 2010

Financial Regulatory Reform to be Major Agenda Item for April-May Senate Work Period

April 14, 2010 Leave a comment

Fresh off the health care victory, the Senate will now tackle Financial Regulatory Reform, a bill designed to foist tougher rules on Wall Street whose reckless malfeasance almost crashed the world economy last fall.  Sen. Dodd on the Banking Committee already passed their bill, and we are awaiting Sen. Lincoln on the Agriculture Committee to clear derivatives regulation legislation.

Republicans will try to stall this initiative to kingdom come just like they tried to do with health care reform, but this debate promises to be much shorter due to the political danger that some Republicans find themselves in if they are seen as Wall Street flacks.

The Senate plans to finish the financial regulatory reform bill by Memorial Day Recess in late May.  The House of Rep. already passed their version late last year.