Dodd Financial Reform Bill Headed To Senate Floor

Law360, New York (March 22, 2010, 6:39 PM EDT) -- U.S. Senate Banking Committee chairman Chris Dodd, D-Conn., opted Monday to bypass committee markup on his financial regulatory reform bill, passing it out of committee with only Democrats' votes and delaying debate on all amendments and changes until the bill reaches the Senate floor.

The Banking Committee's 13 Democrats voted to advance the Restoring American Financial Stability Act, Dodd's version of sweeping legislation to overhaul the U.S. financial regulatory system in response to the root causes of the recent economic crisis. All 10 Republicans on the...
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