Politics

Bipartisan Financial Reform Talks Break Down

By Sunlight Foundation & Participatory Politics Foundation

Is this morning’s press release from Senate Banking Committee Chairman Chris Dodd [D, CT] the death knell of financial reform?:

“Last night, Senator Shelby assured me that he is still committed to finding a consensus on Financial Reform, but for now we have reached an impasse.”

“While I still hope that we will ultimately have a consensus package, it is time to move the process forward.”

“I have instructed my staff to begin drafting legislation to present to the committee later this month.”

Daniel Indiviglio at The Atlantic: “If Shelby isn’t on board, then it’s pretty likely Republicans at large aren’t on board. That means any bill Dodd is finalizing will be a waste of his time, because Republicans will use their 41 votes to block it. That is, if it even gets out of committee, which isn’t a given.”

Full post as published by Open Congress on February 05, 2010 (boomark / email).