Finance Bill Fails In First Critical Senate Vote

Law360, New York (April 26, 2010, 7:14 PM EDT) -- The U.S. Senate voted on Monday against opening debate on financial regulatory reform legislation, thwarting Democrats' attempts to push past the first 60-vote hurdle and begin marking up the sweeping bill.

The vote on the motion to send to debate S. 3217, the Restoring American Financial Stability Act of 2010, sponsored by Sen. Chris Dodd, D-Conn., failed by a final tally of 57-41. Every Republican senator present voted against the bill, as did Sen. Ben Nelson, D-Neb., and Senate Majority Leader Harry Reid, D-Nev., who cast...
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