Reid Says He Has Votes to Limit Debate on Financial Regulation

2Face · 05-18-2010, 04:15 PM

http://www.businessweek.com/news/201...egulation.html

Quote:

By James Rowley
May 18 (Bloomberg) -- Senate Democratic Leader Harry Reid said he will have the 60 votes needed to limit debate on legislation to overhaul financial regulation and move toward final passage later this week.
“A number of Republican senators have told me they will vote” to limit debate on the measure, Reid told reporters today. “It’s time for us to vote” after almost a month of debate on a new regulatory structure designed to prevent risky investments that helped cause the 2008 financial crisis, he said.
The Senate has scheduled a vote tomorrow on Reid’s push for limiting the debate. Under Senate rules, it takes 60 votes to approve such a motion. With a 59-41 majority, Democrats need at least one Republican for the motion to pass.
If Reid prevails tomorrow, a second procedural vote to curtail deliberations would be needed before the Senate could proceed to final passage unless Democrats strike a deal with Republican leaders that would allow for a certain number of amendments to be considered.
Maine Republican Susan Collins said she would decide tomorrow whether to support limiting debate. “We are making progress in working through the amendments, that’s very encouraging to me,” Collins told reporters. “The process thus far has been open and fair,” she said.

So..
American Recovery & Reinvestment Act DONE
Patient Protection and Affordable Care Act DONE
Restoring American Financial Stability Act of 2010 DONE

Only two bills remaining are Climate Change and our dear IMMIGRATION REFORM. The only impediment we face is the mid-term elections. Can the Obama administration accomplish CIR or Dream Act before the elections especially as the President gears up for a state visit from Felipe Calderon of Mexico?

ari88 · 05-18-2010, 04:23 PM

dream act stands a higher chance

Demise · 05-18-2010, 05:12 PM

i think if they are going to do immigration they will between the elections and next congress so people wont be able to do much to them (aside from hillbillies threatening to linch them)

gebodupa · 05-19-2010, 06:39 PM

Judging from todays vote, Reid failed yet again.

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Reid Says He Has Votes to Limit Debate on Financial Regulation