U.S. Senate Majority Leader Harry Reid said he may file a procedural motion today aimed at cutting off debate and moving to a final vote on financial-regulation legislation.
Democrats will file the motion “as soon as tonight” with the goal of holding a final vote this week, Reid said today from the Senate floor. The measure is necessary to hold Wall Street accountable, the Nevada Democrat said.
“Democrats and Republicans have voted for each other’s amendments,” Reid said. “This is the way it should be. But the end must come.”
The Senate began debating and voting on the bill, offered by Senate Banking Committee Chairman Christopher Dodd, two weeks ago after breaking a logjam over language that Republicans said would perpetuate Wall Street bailouts. Among other things, the legislation would create a consumer financial protection bureau at the Federal Reserve and a council of regulators to monitor risks to the economy.
Democrats, who have 59 votes, need at least one Republican to join in the motion to end debate, which requires the approval of 60 senators.nike, my best choice
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