Thursday, May 20, 2010

News Alert: Financial Regulation Bill Advances in Senate

Breaking News Alert
The New York Times
Thu, May 20, 2010 -- 2:58 PM ET
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Financial Regulation Bill Advances in Senate on Close Procedural Vote

The Senate voted Thursday to wrap up debate on a sweeping
financial regulation bill.

The vote, by 60 to 40, put a 30-hour limit on further debate,
and came a day after the Democratic leadership was unable to
muster the 60 votes needed to do so.

The Senate version of the legislation, the most far-reaching
overhaul of the financial regulatory system since the
aftermath of the Great Depression, will now move to a vote,
possibly before the weekend. If approved, it will still need
to be reconciled with a House bill passed in December.

Read More:
http://www.nytimes.com?emc=na

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