Senate Banking Committee Approves Dodd Financial Reform Legislation
Today the Senate Banking Committee voted along parties lines, 13-10, to send Senate Banking Committee Chairman Christopher Dodd's (D-CT) financial reform legislation to the Senate floor. The vote comes after hundreds of amendments were submitted in anticipation of today's Senate Banking Committee mark up, but in a surprise move Republican members of the committee withdrew their amendments essentially allowing for the bill's approval in committee. Today's vote is a precursor to the bill being taken up on the Senate floor for passage, and should it be successful it would then have to be reconciled with the House version previously passed. Chairman Dodd released his revised draft legislation on March 22, 2010 and his original version in November of 2009.
