Senate Finance Bill Strikes Out For Second Time

Law360, New York (April 27, 2010, 5:50 PM EDT) -- A second attempt to proceed to debate on financial regulatory reform legislation failed Tuesday in the U.S. Senate, frustrating Democrats even as Republican leaders acknowledged they did not have the political will to indefinitely block the bill from hitting the Senate floor.

The final tally, 57-41, fell short of the 60 votes needed to invoke cloture on the motion to proceed to debate on S. 3217, the Restoring American Financial Stability Act of 2010, sponsored by Senate Banking Committee chairman Chris Dodd, D-Conn.

The vote tally...
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