Housing Information :: Financial regulation is stalled in Senate

Keep the Information Flowing

Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.

Released: May 20, 2010

Financial regulation is stalled in Senate

Source: Brady Dennis & Shailagh Murray, Washington Post (Free Registration)

Two Senate Democrats broke party ranks Wednesday to block an effort to wrap up debate on landmark legislation to overhaul the nation’s financial regulation, potentially delaying passage.

Majority Leader Harry M. Reid (Nev.) called for the vote as part of a push to pass the bill by week’s end, but members of both parties balked, arguing that the Senate has yet to consider key amendments.

The tally was 57 to 42 in favor, three votes shy of the 60 needed to overcome a filibuster.

Read Full Article: Financial regulation is stalled in Senate