Housing Information :: Financial overhaul plans remain mostly intact

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Released: May 17, 2010

Financial overhaul plans remain mostly intact

Source: Brady Dennis, Washington Post (Free Registration)

The Senate this week could hand President Obama his second major legislative victory of the year, both on administration priorities that seemed in doubt not long ago.

Passage of a 1,400-page bill to overhaul the nation’s financial regulations would come just two months after Obama signed a landmark health-care overhaul. But in the case of financial regulation, much more so than with health care, the Senate bill largely reflects the administration’s initial blueprint, despite the fervent efforts of lobbyists and lawmakers of all stripes to alter it.

Democratic leaders and administration officials have been careful not to boast about their success in keeping the legislation mostly intact, with some provisions growing even tougher during the Senate debate.

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