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FinReg headed to the Senate floor

Weird news out of FinReg yesterday, as a party-line vote in the Senate Banking Committee sent Chris Dodd's bill to the Senate floor after 21 minutes of consideration and no changes. Republicans are saving their amendments for later, and so, I guess, are Democrats. Dodd and Shelby continue negotiating in the hopes that they can come up with a package of amendments that will transform the bill into something both sides can support. This is pretty unusual, though.

By Ezra Klein  |  March 23, 2010; 8:53 AM ET
Categories:  Financial Regulation  
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It is unusual, but it seems to be an old-school move which prevents posturing and mitigates ethical concerns which might otherwise arise: many Senators (like many citizens) have significant relationships with banks and other financial institutions. Senator Shelby's words address the posturing factor ("We're not going to the floor polarized; we're going to the floor right now in the spirit of trying to work a consensus bill, a meaningful, substantive bill that I've said all along that we need.").

Posted by: rmgregory | March 23, 2010 9:48 AM | Report abuse

A reaction to all the Repub amendments that were entered just to gum up the works? Does taking it out of committee make it more politically costly for them to do that somehow?

Posted by: roquelaure_79 | March 23, 2010 10:35 AM | Report abuse

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