They went home from Capital Hill tonight…
The Democrats redid some parts of the Wall Street Financial Reform Bill to
get some GOP votes…
They seem to have gotten Senator Collins back after she balked on the bill on Monday…
Lets see if they can get to 60 votes in the senate…..
Democratic efforts to overhaul Wall Street inched closer to the finish line on Wednesday as the House approved the legislation and a key Senate Republican announced her support.
The House approved the conference report in a 237-192 vote. Nineteen Democrats voted against the measure, while three Republicans voted for it. No Republicans voted for the House version of the bill.
The three Republicans who voted for the measure were Rep. Mike Castle (R-Del.), who is running for the Senate; Rep. Joseph Cao (R-La.), one of the most vulnerable Republicans in Congress; and Rep. Walter Jones (R-N.C.).
Many of the Democrats who voted against the measure face tough re-election fights this year or are in districts that lean Republican. They included Reps. Rick Boucher (Va.), Bobby Bright (Ala.), Travis Childers (Miss.), Mark Critz (Pa.), Tom Perriello (Va.) and Ike Skelton (Mo.).
Earlier in the day, Sen. Susan Collins (R-Maine) said she would vote for the conference report after House and Senate negotiators reconvened late Tuesday to remove up to $19 billion in new fees on large financial firms.
Still, Senate Democrats said they would need to delay a final vote on the 2,300-page bill until after the July 4 recess. The party has yet to clinch the 60 votes necessary to overcome procedural hurdles, with a handful of crucial Democratic and Republican senators yet to announce how they will vote.
The legislation aims to prevent future taxpayer-funded bailouts; boost regulation over credit cards, mortgages and other products; regulate the $600 trillion derivatives market; and increase oversight of broad financial system risks, among other measures.
Republicans continued to criticize the legislation, arguing that it doesn’t do enough to end the problem of firms that are viewed as “too big to fail,” and remains silent on regulation of Fannie Mae and Freddie Mac, the two mortgage giants taken over by the government in 2008.Share on Facebook