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Here's how it work: Congress passes legislation, and the president signs it. It doesn't have to be part of Obama's agenda. It can be part of Congress' agenda.<br />
The 2007 efforts at reform were killed by bipartisan opposition, including Democrats like Tom Harkin, Sherod Brown, Claire McCaskill, Jon Tester, and Jim Webb (as well as the rest of the usual cast of rogues like Bayh, Landrieu, etc).