AP: After fits and starts, bank bill ready for passage
WASHINGTON (AP) – A sweeping overhaul of the nation’s financial regulations stands on the verge of reaching President Barack Obama’s desk after a year of partisan struggles and delicate cross-party courtships that promised more and delivered less.
Only three Senate Republicans say they will vote for the bill during a key vote Thursday that will set the stage for final passage. But the bill bears the fingerprints of many others in the GOP.
Senate Banking Committee Chairman Chris Dodd, D-Conn., negotiated several provisions with key committee Republicans such as Richard Shelby and Bob Corker. Neither, though, intends to vote for the bill.
That those bipartisan talks even occurred was remarkable in the highly politicized atmosphere in Congress. That they failed to expand the bill’s base of support illustrates how much things remain the same.