Senate GOP Relents On Finance Bill Filibuster

Law360, New York (April 28, 2010, 6:37 PM EDT) -- The U.S. Senate on Wednesday ended a three-day filibuster on financial regulatory reform legislation, as Republican and Democratic leadership announced a long-awaited deal on resolution funds that paves the way for debate to begin Thursday.

Senate Banking Committee chairman Chris Dodd, D-Conn., and ranking member Richard Shelby, R-Ala., announced the deal Wednesday afternoon, following Democrats' third failed attempt to reach the 60 votes needed to invoke cloture on the motion to proceed to debate on S. 3217, the Restoring American Financial Stability Act.

The bill brought...
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